RBI, BOM Sign MoU To Promote Use Of Local Currencies For Cross-Border Transactions

Daily Current Affairs / RBI, BOM Sign MoU To Promote Use Of Local Currencies For Cross-Border Transactions

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Category : Business and economics Published on: March 24 2025

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The Reserve Bank of India (RBI) and the Bank of Mauritius (BOM) have signed an MoU to promote the use of local currencies (Indian Rupee & Mauritian Rupee) in cross-border transactions.
This framework will facilitate bilateral trade by allowing payments in domestic currencies, enhancing trade relations, financial integration, and economic ties between India and Mauritius.

RBI, BOM Sign MoU To Promote Use Of Local Currencies For Cross-Border Transactions