Nostro Account Difference between Nostro Account and Vostro Account
That said, nostro accounts also play a role in cross-border payments, international settlements, currency conversion, risk management, and interbank transactions. Likewise, these accounts can be an important tool to overcome currency fluctuations, international cash management, and foreign remittances. “Nostro” and “Vostro” are two different terms used to describe the same bank account. As mentioned, nostro accounts and […]