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India, UAE sign currency swap agreement, to directly trade in dirham, rupee


The Dollar Business Bureau India and the United Arab Emirates (UAE) have signed a currency swap agreement that will enable businesses from both the nations to directly trade in each other’s currency, bypassing the US Dollar or any other international currency. The signing of agreement means that business communities from both sides can save huge money as trade between the two countries reached to new highs. “India and the UAE have reached an agreement that will enable businesses in both countries to bypass the dollar and other foreign...


This post first appeared on TheDollarBusiness | Foreign Trade Magazine On Expo, please read the originial post: here

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India, UAE sign currency swap agreement, to directly trade in dirham, rupee

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