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India, UAE to set up framework to settle transactions in local currencies

India, UAE to set up framework to settle transactions in local currencies
moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.

United arab emiratesKhaled mohamed balamaNarendra modiShaktikanta dasCentral bankReserve bankGovernor shaktikanta dasPrime minister narendra modiWest asianLocal currency settlement systemChinese yuanComprehensive economic partnership agreementUnified payments interfacePayment platformPrime minister modiCard switches

India, UAE to promote local currencies for cross-border transactions

RBI and Central Bank of the United Arab Emirates (UAE) signed two MoUs for the use of local currencies for cross-border transactions.

United arab emiratesAbu dhabiShaktikanta dasZayed al nahyanKhaled mohamed balamaNarendra modiCentral bankGovernor of the central bankGovernor of the reserve bankReserve bankPrime minister narendra modiMinister narendra modiKhaled mohamedPrime ministerSheikh mohamed bin zayed al nahyanLocal currency settlement system

RBI CBUAE sign pacts to promote use of rupee UAE dirham for cross-border transactions

(This story has not been edited by THE WEEK and is auto-generated from a PTI

Abu dhabiZayed al nahyanCentral bankReserve bankPrime ministerIndia narendra modiSheikh mohamed bin zayed al nahyanLocal currency settlement systemMessaging systemsFast payment systemsUnified payments interfaceInstant payment platformCard switchesFinancial messaging system

rbi: India, UAE sign MoUs for promoting local currencies in cross-border trade

The Reserve Bank of India and the Central Bank of UAE (CBUAE) have signed two Memorandum of Understanding (MoU) to boost local currency use for cross-border transactions and to link their payment and messaging systems. A Local Currency Settlement System (LCSS) is aimed to be put in place to develop an INR-AED forex market. India s UPI and UAE s IPP will be linked to facilitate fast, convenient, safe, and cost-effective cross-border funds transfers.

United arab emiratesZayed al nahyanNarendra modiShaktikanta dasCentral bankEconomic partnership agreementGovernor of the central bankReserve bankLocal currency settlement systemMohamed balamaFast payment systemsUnified payments interfacePayment platformCard switchesStructured financial messaging systemPrime minister narendra modi

RBI and CBUAE signs 2 MOUs to facilitate seamless cross border transactions and payments

RBI and CBUAE signs 2 MOUs to facilitate seamless cross border transactions and payments
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

Abu dhabiNarendra modiKhaled mohamed balamaZayed al nahyanShaktikanta dasCentral bankReserve bankLocal currency settlement systemMessaging systemsFast payment systemsUnified payments interfaceInstant payment platformCard switchesStructured financial messaging systemGovernor shaktikanta dasGovernor khaled mohamed