How to manage multiple currencies in offshore Bank Accounts?

[jb100]

One of my friend plans to lunch offshore business and has offshore Bank Account in that nation.His company has product supply agreement with different neighboring countries.The national currencies of those countries are not the same. So how can my friend manage the flow of multiple currencies to his offshore Bank Account? Is it mandatory to convert all those currencies into US Dollars?

 

[mneilson]

There would be no problem at all. Most of the offshore Banks offers multi currency bank account. So the inward currency is automatically deposited to the offshore account as per the base currency selected by you.

 

[richardm1964]

No mandatory currency conversion to US Dollar is essential in multi-currency offshore bank accounts. You can choose your own base currencies as per your wish. Almost all offshore bank accounts offers the facility to display multiply currency in just one account number.