Indian Minister suggests paying for trade with Iraq in local currency

Posted by on Oct 27, 2013 | Leave a Comment

Friday, 23 August 2013 21:30
Baghdad (AIN) –In a private r
eport from New Delhi for All Iraq News Agency “The Indian Minister of Trade and Ministry, Anand Sharma, mentioned that his country is studying the possibility of paying for trade with Iraq by using local currency represented by Iraqi Dinar and Indian Rupees instead of the US Dollar to face the changes and drop of the value of the Indian Rupees.”

The Indian Minister assured that “The issue of using local currencies in trade exchanges for both countries will be discussed during the mutual meetings between the Iraqi Prime Minister Nouri al-Maliki and the Indian Ministers.”

The rate of trade between Iraq and India has reached currently about USD 21 billion.

comment closed

Advertisement

Subscription

You can subscribe by e-mail to receive news updates and breaking stories.

Archives

 

October 2017
M T W T F S S
« Dec    
 1
2345678
9101112131415
16171819202122
23242526272829
3031