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Vostro

What are NOSTRO and VOSTRO Accounts?

Published by Atul Kumar Pandey on July 23, 2022.

The “Nostro” and “Vostro” are financial terms used to describe the same bank account. Such accounts are opened up to ease the financial exchange and trades between two countries. By opening this account we can eliminate the middle currency (dominating currency) which is dominating the world. For example, If India wants to trade with Russia […]

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