July 9, 2024
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Local currency settlement

India UAE currency settlement system

India-UAE Currency Settlement: Benefits, Strategic Implications, and More

Prateek07 mins

India-UAE Forge New Path with Local Currency Settlement System India and the United Arab Emirates (UAE) have embarked on a significant collaboration by establishing a local currency settlement system, marking a pivotal moment in their economic relations. This innovative system allows businesses and traders from both nations to bypass the US dollar and directly trade…

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India Nigeria trade agreement

India Nigeria Trade Agreement: Boosting Bilateral Cooperation

Prateek08 mins

India-Nigeria Local Currency Settlement System Agreement: Boosting Bilateral Trade In a significant move aimed at bolstering bilateral trade and economic ties, India and Nigeria have recently signed a Local Currency Settlement (LCS) Framework Agreement. This agreement allows traders from both countries to settle transactions in their local currencies, namely the Indian Rupee and the Nigerian…

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