isbnk.org - Interstate Bank :: Payments in National Currencies

The Interstate Bank, being a member of the national payment systems of six countries (the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan), provides the opportunity of effecting payments in national currencies directly through the above mentioned payment systems.

Payments are effected through the correspondent accounts of the Interstate Bank opened directly with the central (national) banks and expressed in the national currencies of the respective countries.

When effecting payments, the Interstate Bank ensures conversion of the national currency of the payer country into the national currency of the payee country at the exchange rates established by the Interstate Bank on the basis of the market quotations.

Such services are provided to the customers and to the correspondent banks on the ground of the contracts concluded with the Interstate Bank (see the section Cash and Settlement Service).

Supplemental Information

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PAYMENTS IN NATIONAL CURRENCIES

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