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what is Reconciliation-NOSTRO,VOSTRO?
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Answer Posted / anandsurya
Nostro A/c A banking term to describe an account one bank
holds with a bank in a foreign country, usually in the
currency of that foreign country.
Vostro A/c Local currency account maintained by a local
bank for a foreign (correspondent) bank. For the foreign
bank it is a nostro account
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