RBI, Bank Indonesia sign agreement to promote use of local currenciesThe memorandum of understanding covers all current account transactions, permissible capital account transactions and any other economic and financial transactions as agreed by both countries.
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The Reserve Bank of India (RBI).
Credit: Reuters File Photo
Jakarta: The Reserve Bank of India (RBI) and Indonesia have signed an agreement to promote use of local currencies, Bank Indonesia said on Thursday.
The memorandum of understanding covers all current account transactions, permissible capital account transactions and any other economic and financial transactions as agreed by both countries, it said in a statement.