Are there any tax implications of the multi-currency account?

Since the multi-currency account is non-interest bearing, there is no interest income that gets generated in your account, and hence no tax obligations on any interest income.

Any investments that you make using the multi-currency account could have tax implications depending upon the location, asset class, and the period of the investment.

Note that this is not tax advice and you must consult your tax advisor for the exact circumstances that may apply to you.

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