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Customer Foreign Currency Account
If you make or receive regular cross border payments, having a dedicated Foreign Currency Account will increase the convenience and ease of handling of your foreign currency denominated payments.
Features and benefits
- flexible -- lets you manage international-trade advances, financing and settlements;
- a useful hedging instrument against exchange rate fluctuations;
- available in a diverse selection of major currencies;
- Risk management – your income and expenses are set off in a foreign currency; and
- Convenience – There is no need to convert your foreign currency into N$; and
- Flexibility – Your foreign currency is available for advances and settlements.
