RBI signs pact with Bank Indonesia
Friday, 8 March 2024
RBI and Bank Indonesia signed an MoU to promote the use of local currencies, Indian rupee and Indonesian rupiah, optimizing costs, settlement time, bilateral cooperation, developing an INR-IDR foreign exchange market, and establishing a framework for cross-border transactions.
RBI and Bank Indonesia signed an MoU to promote the use of local currencies, Indian rupee and Indonesian rupiah, optimizing costs, settlement time, bilateral cooperation, developing an INR-IDR foreign exchange market, and establishing a framework for cross-border transactions.
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