RBI recently signed an MoU with which bank to promote use of local currencies?

Question

The Reserve Bank of India (RBI) and Bank Indonesia (BI) signed a MoU in Mumbai, promoting cross-border transactions using the Indian Rupee (INR) and Indonesian Rupiah (IDR). RBI Governor Shaktikanta Das and BI Governor Perry Warjiyo established a framework to boost the utilization of local currencies, aiming to enhance trade, deepen financial integration, and strengthen economic ties between India and Indonesia.

GKToday Admin · Accepted Answer

Bank Indonesia The Reserve Bank of India (RBI) and Bank Indonesia (BI) signed a MoU in Mumbai, promoting cross-border transactions using the Indian Rupee (INR) and Indonesian Rupiah (IDR). RBI Governor Shaktikanta Das and BI Governor Perry Warjiyo established a framework to boost the utilization of local currencies, aiming to enhance trade, deepen financial integration, and strengthen economic ties between India and Indonesia.

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