Search For "local currencies"
India exploring trade in local currencies with Tanzania
Updated : 2 years, 7 months ago IST
India is exploring trade in local currencies with Tanzania, said Dammu Ravi, Secretary (Economic Relations) in the Ministry of External Affairs said on Monday, at a presser.
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India, Tanzania working on agreement to expand bilateral trade using local
Updated : 2 years, 7 months ago IST
Prime Minister Narendra Modi and Tanzanian President Samia Suluhu Hassan expressed desire to expand bilateral trade using local currencies.
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First ever crude oil transaction in local currency undertaken between Indi
Updated : 2 years, 9 months ago IST
This is India’s first-ever LCS and is expected to reduce transaction costs and time and increase reliance on local currencies. This will further add to the preferential terms accruing from CEPA. Traders can choose the payment currency based on mutual agreement.
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"Will make international financial interactions simpler": PM Modi on India
Updated : 2 years, 10 months ago IST
"Our bilateral trade has grown by 20 per cent. For the first time, we have achieved USD 85 billion trade and soon we will achieve the target of USD100 billion. If we decide, we can cross this milestone before the G20," PM Modi said.
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India, UAE sign MoUs to promote use of local currencies for cross-border t
Updated : 2 years, 10 months ago IST
Prime Minister Narendra Modi said, "This is a very important aspect of India-UAE cooperation. It paves the way for enhanced economic collaboration and will make international financial interactions simpler."
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Africa's bloc to promote use of local currency to boost trade
Updated : 3 years, 11 months ago IST
Nairobi [Africa], June 14 (ANI/Xinhua): The African Continental Free Trade Area (AfCFTA) on Tuesday said it will promote the use of local currencies in order to boost trade amongst African countries.
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India, Japan renew bilateral swap arrangement
Updated : 4 years, 3 months ago IST
Mumbai (Maharashtra) [India], February 28 (ANI): India and Japan have renewed bilateral swap arrangement under which the two countries can swap their local currencies in exchange for the US Dollar, the Reserve Bank of India (RBI) said on Monday.
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