Tag: local currencies
Posted in Economy
BRICS leaders push faster, cheaper cross-border payments, deeper use of local currencies
New Delhi: BRICS leaders have called for practical solutions to make cross-border payments among member countries faster, cheaper, more accessible and safer, while backing greater…
Posted in Economy
Cross-border trade in local currencies reduces transaction costs: RBI deputy governor
Mumbai, Local currencies will play an ever-increasing role in cross-border trade and payments as they lower transaction costs, reduce currency mismatches, and improve settlement efficiency,…
Posted in Economy
Bilateral trade settlement in local currencies in textiles, chemicals, metals to aid intra-APAC trade
New Delhi: Asia Pacific economies could expand bilateral trade invoicing and settlement in local currencies for goods where intra-regional trade is strong such as textiles,…