Home > Practice > Current Affairs > May - 2024 > May 07, 2024
1. Which country is India aiming to finalize a local currency settlement system agreement with to boost bilateral trade?
India and Nigeria are working towards finalizing a Local Currency Settlement System Agreement to enhance bilateral trade. This agreement, discussed during the 2nd India-Nigeria Joint Trade Committee session, aims to facilitate trade by settling transactions in Indian rupees and Nigerian naira. The focus on strengthening economic ties underscores the importance of collaboration between India and Nigeria, two countries with significant historical and economic relations, furthering their mutual interests and trade cooperation.