Russian, Indian Central Banks Could Use National Currencies in Payments

MOSCOW, July 30 (RIA Novosti) – The Bank of Russia and the Reserve Bank of India have agreed to set up a working group to devise tools to use national currencies in bilateral payments, the Russian regulator said Wednesday.

The group, that may involve representatives of banks and also ministries and agencies of both countries, will be controlled by the central banks of Russia and India.

The decision was announced at the meeting of a group overseeing banking and financial issues at the Russian-Indian commission on trade and economic, scientific, technical and cultural cooperation.

Full article: Russian, Indian Central Banks Could Use National Currencies in Payments (RIA Novosti)

Comments are closed.