Currencies offered by offshore banks

Currencies That Can Be Held in Offshore Bank Accounts

BUH Consulting will be be adding additional currencies as they become available, with introduction of new offshore banking partners.

Most offshore banks offers non resident bank accounts, international currencies that are commonly used in global trade.

The below list features additional currencies offered by various offshore banks around the globe, and varies from bank to bank.

• Additional currencies may be requested, if not available in the list below.

A

• AED — United Arab Emirates Dirham
• AFN — Afghan Afghani
• AMD — Armenian Dram
• AUD — Australian Dollar

B

• BGN — Bulgarian Lev
• BHD — Bahraini Dinar
• BYN — Belarusian Ruble

C

• CAD — Canadian Dollar
• CHF — Swiss Franc
• CNY — Chinese Yuan Renminbi
• CNH — Chinese Yuan (Offshore)
• CZK — Czech Koruna

D

• DKK — Danish Krone

E

• EGP — Egyptian Pound
• ETB — Ethiopian Birr
• EUR — Euro

G

• GBP — British Pound Sterling
• GEL — Georgian Lari
• GHS — Ghanaian Cedi

H

• HKD — Hong Kong Dollar
• HUF — Hungarian Forint

I

• IDR — Indonesian Rupiah
• ILS — Israeli New Shekel
• INR — Indian Rupee

J

• JPY — Japanese Yen

K

• KES — Kenyan Shilling
• KGS — Kyrgyzstani Som
• KWD — Kuwaiti Dinar
• KYD — Cayman Islands Dollar
• KZT — Kazakhstani Tenge
• KRW — South Korean Won

L

• LAK — Lao Kip

M

• MAD — Moroccan Dirham
• MXN — Mexican Peso
• MYR — Malaysian Ringgit

N

• NOK — Norwegian Krone
• NZD — New Zealand Dollar

O

• OMR — Omani Rial

P

• PHP — Philippine Peso
• PLN — Polish Zloty

Q

• QAR — Qatari Riyal

R

• RON — Romanian Leu
• RUB — Russian Ruble

S

• SAR — Saudi Riyal
• SEK — Swedish Krona
• SGD — Singapore Dollar
• THB — Thai Baht

T

• TRY — Turkish Lira
• TND — Tunisian Dinar

U

• UGX — Ugandan Shilling
• USD — United States Dollar
• UZS — Uzbekistani Som

X

• XAF — Central African CFA Franc

Z

• ZAR — South African Rand

How to Decide Which Is The Best Bank To Open A Multi-Currency Bank Account

There are many points to consider when opening an offshore bank account that supports multicurrency transactions, that can also hold foreign currencies natively (without the need to convert from one currency to another when receiving into the bank account).

1. Compliance Transparency: Avoid banks that are “too easy” to join; they are often the first to be de-risked or shut down by central regulators.
2. Financial Goals: Does the bank or financial technology (FinTech) known as Electronic Money Institution (EMI), meet your requirement in terms of fees, speed, customer service, and service offering?
3. Digital Asset Friendliness: As cryptocurrency becomes a daily conversation topic, is the financial institution that you have decided to open an offshore able to handle crypto transactions?