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Sun. AM KTFA News Articles from Iraq 7-16-23


KTFA Clare » July 16th, 2023 India and the UAE agree to dispense with the dollar in commercial transactions 7/15/2023 India has signed an agreement with the UAE that allows it to settle trade transactions in rupees instead of dollars, boosting India’s efforts to cut transaction costs by eliminating transfers in the US currency. During Indian Prime Minister Narendra Modi’s visit to the UAE on Saturday, the two countries also agreed to set up an instant payment link to facilitate cross-border money transfers. A statement issued by the Reserve Bank of India on Saturday said the two agreements would enable…

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