RBI and Bank Indonesia signed MoU to promote use of local currencies for cross-border transactions

RBI and Bank Indonesia signed MoU to promote use of local currencies for cross-border transactions

Daily Current Affairs   /   RBI and Bank Indonesia signed MoU to promote use of local currencies for cross-border transactions

Change Language English Hindi

Category : International Published on: March 12 2024

Share on facebook
  • The Reserve Bank of India (RBI) and Bank Indonesia (BI) signed a Memorandum of Understanding (MoU) in Mumbai to establish a framework to promote the use of local currencies. 
  • Indian rupee (INR) and Indonesian rupiah (IDR) for cross-border transactions. The MoU was signed by Mr. Shaktikanta Das, Governor, Reserve Bank of India and Mr. Perry Wargio, Governor of Bank Indonesia. 
  • This collaboration is an important milestone in strengthening bilateral cooperation between RBI and BI.
  • The MoU on establishing a framework for cooperation in the field of trans-border transactions in local currencies between India and Indonesia aims to promote the use of INR and IDR bilaterally.
Recent Post's

  • The North East Spring Festival 2026 will begin in Dimapur, promoting cultural exchange and national integration.

    Read More....

  • The Indian Air Force conducted ‘Kalari Leap’ joint maritime exercise in the Lakshadweep region to strengthen island defence.

    Read More....

  • NBEMS set a Guinness World Record for the highest-viewed live AI in Healthcare lesson on YouTube.

    Read More....

  • An awareness programme on the NAMASTE scheme will be held in Pilibhit to promote safety and dignity of sanitation workers.

    Read More....

  • Nitin Gadkari launched the upgraded RAJMARG PRAVESH portal to streamline highway NOC approvals.

    Read More....

  • The Lascaux Cave, discovered in 1940 near Montignac, France, contains over 2,000 Upper Palaeolithic paintings dating back around 17,000 years.

    Read More....

  • Veteran CPI leader R. Nallakannu passed away in Chennai at the age of 101.

    Read More....

  • Steel industry veteran Jatinder Mehra passed away after over six decades of contribution to the sector.

    Read More....

  • OpenAI appointed Arvind KC as Chief People Officer to strengthen its global AI talent strategy.

    Read More....

  • Tomas Martin Etcheverry won his maiden ATP title at the Rio Open, rising to World No. 33.

    Read More....