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March 2024 CA > Local currency for Bilateral transactions > Flashcards

Local currency for Bilateral transactions Flashcards

1
Q

What is this news related to ?

A

RBI’s MOU

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2
Q

MOU with whom ?

A

Bank of Indonesia

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3
Q

What have they decided ?

A

They have agreed to trade in their local currencies (Rupee and Rupaiah) for bilateral transactions

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4
Q

Is this the first country that RBI has agreed to ?

A

Noo.. we also had the similar MOU with USE (Dirham)

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March 2024 CA (418 decks)

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