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Local Currency Settlement

Image depicting a significant 'crude oil transaction' moment, showcasing the historic achievement of using national currencies for settling cross-border trade between India and the UAE.
Local News

India and UAE Forge Historic Milestone with Landmark Crude Oil Transaction in National Currencies

In a historic breakthrough, the Abu Dhabi National Oil Company (ADNOC) and the Indian Oil Corporation Limited (IOCL) have achieved an unprecedented milestone...

By 15 Aug 2023

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