You'll also need to decide how to make and receive payments in foreign currencies.

With the economy failing, the shopkeepers would only accept payment in foreign currencies.

This obligation included payment in foreign currency to pensioners living outside Zimbabwe (almost all white).

Food became scarce, and many items like vegetables were available only at high prices and with payment in foreign currencies.

Hotels usually require payment in foreign currency.

Nearly all hotels require payment in foreign currency, by credit card or in Egyptian currency.

Equally, traders may choose to accept payment in foreign currency, such as euro, yen or US dollar.

One problem is that importers demand payment in foreign currencies, often dollars, and foreign currencies are next to impossible to obtain.

Secondly, international trade involves receipts and payments in foreign currencies, unlike domestic trade which is conducted in the recognised national currency.

This supermarket accepts payment in foreign currency including US, Australian and New Zealand dollars, and euros.

They will be able to make payments in foreign currency within the FIEZ, as well as to use convenient terms of payments for exported and imported goods.

If your business regularly makes or receives payments in foreign currencies, or wishes to borrow in anticipation of receiving payments from abroad, you may find it convenient and cost-effective to open foreign currency bank accounts.