Local Currency definition

Local Currency means Kenya shilling;
Local Currency means the Philippine Peso (Php).
Local Currency means the currency of the Country.

Examples of Local Currency in a sentence

  • This limit shall not apply to Currency Conversions to Local Currency.

  • Separate accounts shall be required for disbursements in Local Currency, Dollars, and Principal Currency.

  • It is understood that any disbursement denominated in Local Currency shall constitute a Currency Conversion, even when the Approval Currency is the same Local Currency.

  • The Borrower may request that a disbursement of all or part of the Outstanding Loan Balance be converted to a Principal Currency or a Local Currency, which the Bank can efficiently obtain, subject to the Bank’s operational and risk management considerations.


More Definitions of Local Currency

Local Currency means the Kenya Shilling;
Local Currency means the Kenya Shillings, the currency of Kenya.
Local Currency means Indian Rupees.
Local Currency means the currency of Kenya.
Local Currency means the Indian Rupees;
Local Currency means the currency of the Islamic Republic of Pakistan;
Local Currency means the currency of the Government;