The efforts of Sight Savers, a service program of the Royal Commonwealth for the Blind, to stem the outward flow of hard currency from developing countries are described. Sight Savers furthers program sustainability by emphasizing local manpower development, selecting equipment that requires less and cheaper maintenance, and using local currency…

Explains the use of forwards, futures, swaps, and options in international currency trading. Argues that pricing options are based on the same basic principles as pricing other financial instruments. Concludes that, although financial markets have developed several new products, hedging and speculation involve similar processes. (CFR)