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.