With reference to India-UAE Local Currency Settlement System consider the following statements: 1. It will enable exporters and importers to pay in their respective domestic currencies and enable the development of an Indian Rupee and UAE Dirham forex market. 2. It covers all fully convertible current account transactions and capital account transactions.
With reference to India-UAE Local Currency Settlement System consider the following statements: 1. It will enable exporters and importers to pay in their respective domestic currencies and enable the development of an Indian Rupee and UAE Dirham forex market. 2. It covers all fully convertible current account transactions and capital account transactions.
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