India and the UAE on Tuesday Dec 04,2018 signed two agreements, including one on
currency swap, as External Affairs Minister Sushma Swaraj held
exhaustive discussions with her counterpart Abdullah bin Zayed Al Nahyan
to step up cooperation in areas like trade, security and defence
Currency Swap is such a pact between two countries that allows trading in their own currency and payments to import and export trade at pre-determined exchange rate without bringing in a third benchmark currency like the US dollars.
The second agreement would enable both sides to undertake development projects in Africa.
Currency Swap is such a pact between two countries that allows trading in their own currency and payments to import and export trade at pre-determined exchange rate without bringing in a third benchmark currency like the US dollars.
The second agreement would enable both sides to undertake development projects in Africa.
No comments:
Post a Comment