Davos 2023:UAE and India discussing settling non-oil commerce in rupees

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The United Arab Emirates is in early discussions with India to commerce non-oil commodities in Indian rupees, Minister for Overseas Commerce Dr Thani Al Zeyoudi advised Reuters on Thursday.

The minister stated different nations, together with China, had additionally raised the difficulty of settling non-oil commerce funds in native currencies. He added that the UAE is hoping to conclude a commerce settlement with Cambodia within the first quarter.

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