This is a current account held in major currencies – US dollar, EURO or GB pounds and funded solely from external sources via inward remittances.
Benefits/Features
- Cheque book
- No interest
- Free monthly statements
- Ability to receive foreign denominated remittances
- Easy access to cash in account
- Ability to remit funds outwardly
- Easy means to liquidate import trade bills
- Easy to channel into local investments