Home / Glossary / Nostro Account

Nostro Account

English

A bank account held in a foreign country in the local currency. Used by banks to facilitate foreign exchange and international transactions. 'Nostro' is Latin for 'ours' (from the holding bank's perspective).

اردو

نوسٹرو اکاؤنٹ - غیر ملکی کرنسی میں بینک اکاؤنٹ

हिन्दी

नोस्ट्रो अकाउंट - विदेशी मुद्रा में बैंक खाता

Related terms

Relevant tools