banking costs

Free Virtual Bank Account in Europe

What exactly is the problem?

Normally international trade deals are agreed to in USD or EUR:

When payment is made the importer instructs their bank to make the payment.

The bank converts the amount and deposits the money into the bank account of the exporter in their country.

B2B Pay

Freely Convertible Currencies

A freely convertible currency, or fully convertible currency, doesn't have any government restrictions on trading the currency for another currency. Obvious examples of fully convertible currencies are the US dollar and the Euro. In total there are around 17 fully convertible currencies.