LC's Network

Greetings from IAESTE India!

Introduction. IAESTE India is working on the LC Network Task Force, where we aim to analyse various countries and their LC/NC structure. We will also take the structures of the countries who generally have a good exchange and correlate to their LC network. Same with the ones who are having trouble with their exchange.

We basically want to find out if we increase the dependence on LCs, whether it will help the NCs to work in a better and 'free' manner, also decreasing their workload which the LCs can handle and they can invest their time and energy to increase the exchange rate in the long run.

What have we done so far? For now, we focused on what data we wanted to collect from the countries and wanted to figure out how the analysis will move ahead.

What's your future plan? We plan on releasing a survey form to all the countries. Once we get the information, we will first clean the data and then move ahead with the analysis. We plan on having good progress by the end of June or mid-July.

What do we need? - We plan on having a meeting within 2 weeks or so. Before that, we will have an open call if any country wants to join. We have IAESTE UK helping us with this task force so far but we are more than happy to welcome any other country who is interested. (send email to: nationalsecretary@iaeste.in)

Warm regards,

Siddharth Chadha