/biz/ - Business & Finance

>>55622041
>Turns out that people don't really want to accept crap thirdie currency
Come again?
>https://www.reuters.com/world/india-ties-up-with-uae-settle-trade-rupees-2023-07-15/

>"NEW DELHI, July 15 (Reuters) - India has signed an agreement with the United Arab Emirates that will allow it to settle trade in rupees instead of dollars, boosting India's efforts to cut transaction costs by eliminating dollar conversions."

>During a visit by India's Prime Minister Narendra Modi to the UAE on Saturday, the two countries also agreed to set up a real-time payment link to facilitate easier cross-border money transfers."

>"The Reserve Bank of India said the two central banks agreed to link India's Unified Payments Interface (UPI) and UAE's Instant Payment Platform (IPP)."