Forex
CA Saba Naaz (Chartered Accountant) (8487 Points)
12 August 2015
Anyone...please explain me meaning of nosto, vostro and loro account with example . I am a bit confused.
1 Replies
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 12 August 2015
Indian Banks abraod having Foreign Cuurency with Banks is india we term it as Nostro Account.Banks in India having Foreign currency account in banks abroad we term it as Vostro account
I am not aware of loro account let experts explain the same
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