India, Indonesia Sign MoU To Promote Use Of Local Currencies
The Reserve Bank of India (RBI) and the Bank of Indonesia signed an MoU to establish a framework to promote...
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Finance ministers discuss BRICS Bridge digital currency payments – Ledger Insights
Yesterday BRICS finance ministers and central bank governors met in Sao Paulo, Brazil. After the meeting, Russia’s Ministry of Finance said they...
Chinese yuan gains currency in the Gulf states
Author: Ghulam Ali, Hong Kong Research Centre for Asian Studies China’s pursuit of internationalising the yuan, currency swaps, e-currency, cross-border...
Fifth of Global Oil Trade Used Non-Dollar Currencies in 2023
A fifth of global oil trade this year was settled in currencies different from the U.S. dollar as countries such...
India initiates first Rupee payment for oil to UAE; explores global currency adoption
India has made its first-ever payment in rupees for crude oil obtained from the UAE, marking a significant move in...
UAE $30b Investment In Climate Fund Is Really About Profit
during the opening press conference of the United Nations climate summit in Dubai on November 30, 2023. Nearly 200 nations...
BRICS-Led Effort Against Greenback Should Alarm the US
US policymakers should be concerned about a BRICS-led dedollarization, Thomas Hill wrote for the Atlantic Council. New members can provide...
India Uses Rupees to Buy Oil From the UAE
India bought 1 million barrels of oil from the United Arab Emirates using its own currency instead of US dollars....
Why Governments Around The World Are Going All In For Central Bank Digital Currencies
Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. The...
Brazil, South Africa may be next in line for India’s bilateral currency settlement plan
Story continues below Advertisement After the United Arab Emirates (UAE) and Indonesia, India may turn to key partners in Latin...
