What is a FIRA?
A Foreign Inward Remittance Advice is the document a bank issues to confirm that funds have been received from overseas into a beneficiary's account. It records who sent the money, how much arrived, in which currency, at what conversion rate and under which declared purpose.
Exporters and service providers rely on these advices as evidence of realisation of export proceeds. Banks may also issue a certificate form of the document; formats and titles differ between institutions.
