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Can the importer request the letter of credit be issued in the sellers local currency?

April 26, 2017credit currency importer issued letter local request seller

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Can the importer request the letter of credit be issued in the sellers local currency?

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Yes. While many countries, such as China, Taiwan and South Korea prefer U.S. currency, others prefer local currency. TD Banknorth can easily issue a letter of credit in either the local currency or U.S. Dollars.