RBI Signs MoU With Bank of Mauritius To Promote Use of INR and MUR for Cross-Border Transactions, To Boost Bilateral Trade and Exchange Markets
RBI (Reserve Bank of India) announced that it signed a Memorandum of Understanding (MoU) for establishing a framework to promote using local currencies such as INR and MUR. The banks have agreed to use the Mauritian and Indian currencies for cross-border transactions. The MoU aims to help each country develop in their respective exchange markets and help in bilateral trade and settlements. On March 13, 2025, Bank of Mauritius also confirmed the agreement via its website. LG Electronics IPO Coming: LG Electronics India Gets SEBI Nod To Raise Around INR 15,000 Crore via Offer for Sale.
RBI, Bank of Mauritius Sign MoU To Promote Local Currencies
RBI and Bank of Mauritius have signed a Memorandum of Understanding (MoU) for establishing a framework to promote the use of local currencies (INR and MUR).
— ReserveBankOfIndia (@RBI) March 18, 2025
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