India and Mauritius Ink Deal for Local Currency Trade Boost
In a significant move towards enhancing economic ties, India and Mauritius announced an agreement to enable trade using local...
archivelocal currency
RBI, Bank of Mauritius Sign Pact for Local Currency Transactions: Rediff Moneynews
Reserve Bank of India and Bank of Mauritius sign MoU to promote the use of Indian Rupee and Mauritian Rupee...
What banks exchange foreign currency?
Key takeawaysBanks typically provide better exchange rates compared to airport kiosks or tourist areas.Understanding fees, spreads and rates helps you...
Taiwan Dollar Set to Replace Yuan as Asia’s Top Funding Currency
(Bloomberg) -- The Taiwan dollar is on the verge of overtaking the yuan as Asia’s best carry-trade target given its...
85% Trade Settled in Local Currencies, Not US Dollar
The BRICS alliance is advancing the de-dollarization agenda by using local currencies and rejecting the US dollar for trade. Russian...
Local Currency That Challenged the US Dollar Fails, Dips 40%
Zimbabwe had recently launched a new currency named ZIG which was backed by gold. The gold-backed ZIG local currency was...
Putin Says Russia Is ‘Not Refusing, Not Fighting’ the Dollar
Russian President Vladimir Putin tempered expectations on de-dollarization at BRICS' summit.BRICS aims to use local currencies, not create a SWIFT...
BRICS Settle 78% Oil Trade in Local Currencies, Ditch the US Dollar
Russia has sold nearly 78% of oil exports to its BRICS counterparts China and India between 2022 to 2023. The...
India To Accept Local Currencies For Trade, Sideline US Dollar
BRICS member India may consider accepting local currencies for trade and sideline the US dollar only if they are ‘non-binding’,...
U.S. Dollar Falls To New Lows as Local Currencies Rise
The U.S. dollar has fallen to a new monthly low as local currencies climbed up the charts this week. The...
