Nostro Accounts

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August 31, 2024 3 min read Definitions
Correspondent Banking: An Overview of Interbank Relationships
Banking Finance Economics Correspondent Banking Interbank Relationships Nostro Accounts International Banking Financial Services
Correspondent Banking refers to the arrangement where one bank provides services on behalf of another bank, primarily for international banking. This system includes services like Nostro accounts and involves partnerships between distinct financial institutions to facilitate global financial transactions.
Read more about Correspondent Banking: An Overview of Interbank Relationships.

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