what is a nostro account 
a nostro account refers to a bank account held in a foreign country by a domestic bank denominated in the currency of the overseas country nostros a term derived from the latin word for ours are frequently used to facilitate foreign exchange and trade transactions the opposite term vostro accounts derived from the latin word for yours is how a bank refers to the accounts that overseas banks have on their books denominated in the holding bank s home currency investopedia laura porter