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Rating:Eurocurrency is the term used to describe deposits residing in banks that are located outside the borders of the country that issues the currency the deposit is denominated in. For example a deposit denominated in US dollars residing in a European bank is a Eurocurrency deposit, or more specifically a Eurodollar deposit.
read moreForeign Currency Account is a transactional account denominated in a currency other than the home currency and can be maintained by a bank in the home country or a bank in another country. Foreign currency accounts are generally not covered by national deposit insurance schemes.
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