Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Press release: UKEF extends support for UK exports to over 60 currencies

Overseas buyers of UK exports can now access UK government-backed finance in 62 pre-approved local currencies, Minister for Investment Graham Stuart MP announced today.

The support is available through UK Export Finance (UKEF), the UK’s export credit agency, and will help UK exporters compete for major overseas contracts, by allowing overseas buyers to access long-term finance in their local currency when they buy from the UK.

Graham Stuart MP said:

By giving UK exporters the flexibility to offer government-backed finance to their international customers in the currency of their choice, we are increasing the appeal of sourcing from the UK.

This world-leading offer from UK Export Finance gives buyers all over the world – from Bulgaria to Vietnam – the ability to ‘buy British, pay local.

The announcement builds on the expansion of UKEF’s local currency offering to 43 currencies in the Autumn Statement 2016, compared to fewer than 15 available in 2010.

Being able to access long-term finance is particularly beneficial for overseas buyers whose revenue and accounts are in their local currency, thereby helping to increase the competitiveness of a UK exporter’s offering.

UKEF can now offer pre-approved local currency financing in:

  • Bulgarian Lev
  • Colombian Peso*
  • Croatian Kuna*
  • Dominican Peso*
  • Ghanaian Cedi*
  • Jordanian Dinar*
  • Kazakhstani Tenge*
  • Mongolian Togrog*
  • Moroccan Dirham*
  • Nigerian Naira
  • Pakistani Rupee*
  • Panamanian Balboa
  • Philippine Peso
  • Romanian Leu
  • Serbian Dinar*
  • Sri Lankan Rupee*
  • New Taiwan Dollar
  • Trinidad & Tobago Dollar
  • Vietnamese Dong

*Support will be approved on a case-by-case basis

Media enquiries: Julia Beck, Strategic Communications Manager

Image credit: UK Parliament/CC 3.0

Link: Press release: UKEF extends support for UK exports to over 60 currencies
Source: Gov Press Releases