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Translations for „nostro account“ in the English » Arabic Dictionary (Go to Arabic » English)

nostro account ECON

Monolingual examples (not verified by PONS Editors)

English
The latter is particularly relevant for bank-to-bank service providers as it includes the use of intraday liquidity on nostro accounts, i.e. those held with other financial institutions.
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This had made it difficult for fuel importers to make payments through their nostro accounts.
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A nostro account is a bank account held in a foreign bank and is usually denominated in the currency of that foreign country.
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Information of intraday movements on nostro accounts would typically not have been included and as a result, banks will have to make investments in order to cover such requirements.
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