Multi-Currency Line of Credit

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Multi-Currency Line of Credit

A line of credit on which a company may draw in one of several currencies. For example, the company may borrow from the same credit line in either U.S. dollars or euros, depending on its specific needs at the moment. A multi-currency line of credit may save a multinational corporation the time and expense incurred in foreign exchange transactions.
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With this program, we intend to avail US $125 million through multi-currency Lines of Credit (LoCs), mainly in local currencies, along with about US $4 million of Technical Assistance ("TA") financing for capacity building support to approximately 25 financial institutions.
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