Glossary → Settlements in national currencies
Settlements in national currencies
Settlements in national currencies means making foreign-trade payments in the currencies of partner countries (yuan, ruble, rupee, dirham, etc.) instead of dollars and euros. They reduce dependence on "unfriendly" infrastructure and sanctions risks.
National-currency settlements require accounting for exchange-rate risks and the availability of correspondent accounts at banks in the required currency. The contract and currency control are drawn up for the chosen payment currency.
We will help you structure the deal and documents for settlements in the required currency.
Related terms
Need help with delivery and customs clearance?Submit a request