Import & Export

► Export Letter of Credit

 An export letter of credit refers to a foreign bank undertaking issued on behalf of foreign importer. The issuing bank specifies all the requirements of its customer in the letter of credit and undertakes to honor all drafts drawn in conformity to the credit terms and conditions. 

 ► Import Letter of Credit  

 A letter of credit is a commitment by the bank to pay the seller of goods or services of a certain sum provided the seller presents the documents specified in the terms of the credit. 

 

 

 

 

Money Transfer

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  Exchange Rate 

  Date Jan. 21, 2017

 

Currency Buying Selling
1 USD

 

22.4889

 

 22.9387
1 Euro

 

24.0249

 

 24.5054
1 Pound  27.6726  28.2261

 

 

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