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Guidance: Local Currency Financing: eligible currencies

Uk Export Finance

July 19
12:35 2022

Details

Loans can be made in over 60 currencies . For the overseas borrower (and buyer) it reduces foreign currency risk and avoids a variable debt service cost.

A buyer credit in local currency follows the same format as a conventional buyer credit in a standard currency such as sterling, euros or US dollars except that it is funded from a bank in the buyers country.

Local Currency Financing is particularly suited to projects that do not usually generate foreign currency revenue, such as water/gas/electricity utilities, local transport and local municipalities.

Published 9 March 2020
Last updated 19 July 2022 +show all updates
  1. Egyptian pound is now listed under 'Eligible Currencies rather than Currencies considered case-by-case.

  2. Removed Russian ruble and Ukrainian Hryvnia from list of eligible currencies.

  3. First published.

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