Gains of Tanzania, India local currency trading
Gains of Tanzania, India local currency trading
Summary
- To trade under this mechanism, Tanzanian banks will have to open SRVA in India by approaching authorised Indian banks that will, in turn, approach RBI for their approval with details of the arrangement, the statement further stated.
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Show plansDar es Salaam. Tanzania and India can minimise reliance on major global currencies and foster stable and efficient trading environment by promoting trade in local currencies, stakeholders have said.