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Nostro and Vostro Accounts Explained

Banking & Payments

Nostro and Vostro Accounts Explained: Key Differences and Functions

In international banking, two terms frequently appear—Nostro Account and Vostro Account. These accounts play a critical role in facilitating global trade, foreign exchange transactions, and cross-border banking. While both accounts are linked to international financial transactions, they serve different functions and perspectives. This guide explains their meaning, features, differences,

By John