Vostro Account

Vostro Account

Summary of Vostro Account

Funds denominated in local currency that a foreign bank holds in a local bank.

(Main Author: William J. Miller)

Vostro Account in International Trade

Meaning of Vostro Account, according to the Dictionary of International Trade (Global Negotiator): An account held by a bank with its foreign correspondent bank, in the currency of the bank's domestic country.


Posted

in

, ,

by

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *