Historic First: India, UAE Settle Crude Oil Transaction Using National Currencies

Zee News A Local Currency Settlement (LCS) system was established as a result of a Memorandum of Understanding (MoU) exchanged during PM Narendra Modi's visit to the UAE last month. https://ift.tt/HJ16F7n August 15, 2023 at 05:18PM A Local Currency Settlement (LCS) system was established as a result of a Memorandum of Understanding (MoU) exchanged during PM Narendra Modi's visit to the UAE last month.

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