UAE India

UAE: Deal to conduct trade with India in local currencies

Issue 1174 - 25 Jul 2023 | 1 minute read

The UAE and India agreed to do more trade in their own currencies, rather than the US dollar, in a memorandum of understanding signed mid-July during an official visit by Prime Minister Narendra Modi to Abu Dhabi – the Indian leader's fifth trip to the country in the past eight years.

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