payment in local currency

A few countries require payment in local currency, but most accept American dollars.

These savings are especially evident in budget hotels that accept payment in local currency.

In many Latin American countries, like Venezuela, Government officials have changed rules on dollar deposits without public notice, forcing depositors to receive payment in local currency.

If you deal with a state tourist agency to reserve your room, you may pay the agency in hard currency and your hosts may receive payment in local currency.

The center would help private banks to sell the securities of debtor countries at discount prices to investors who would then receive payments in local currencies so they could buy the stocks of companies in those countries.

These organizations serve many valuable functions which include: providing customers with information on new and existing NTIS products and services, processing of customer orders, resolving order-related problems, coordinating and accepting payment in local currency, and clearing orders through the local Customs office.