Foreign Exchange

Current account held in major currencies –US dollar, EURO or GB pounds and funded from local sources for individuals and companies earning regular income denominated in foreign currency, importers and exporters, airlines and shipping lines, ship handlers and agents.

Benefits/Features

• Monthly statements
• No interest
• Ability to save locally generated foreign currency
• Easy access to cash in account
• Enhances ability to transact business with foreign trading partners
• Ability to remit monies outwardly
• Provides means to hedge trading currency fluctuation against major currencies

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