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India and Mauritius Join Hands to Trade in Local Currencies
The Daily Guardian
|March 19, 2025
Central banks of India and Mauritius have signed a memorandum of understanding (MoU) to enable the use of local currencies for bilateral trade.
The agreement will establish a framework to promote trade in the local currencies of both countries.
The MoU documents were exchanged in the presence of Prime Minister Narendra Modi and Mauritius counterpart Navinchandra Ramgoolam on March 12, 2025. PM Modi was on a state visit to the island nation, RBI confirmed on Tuesday in a post on X.
The MoU will culminate in the implementation of the INR-MUR Local Currency.
Denne historien er fra March 19, 2025-utgaven av The Daily Guardian.
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