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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


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    Indian Minister: We will discuss with Maliki payment in trade between the two countries in local cur

    chouchou
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    • Post n°1

    Indian Minister: We will discuss with Maliki payment in trade between the two countries in local cur Empty Indian Minister: We will discuss with Maliki payment in trade between the two countries in local cur

    Post by chouchou Fri 23 Aug 2013, 1:13 pm

    [ltr][You must be registered and logged in to see this link.][/ltr]

    In the NBA special from New Delhi told all of Iraq [where] that the Minister of Indian Commerce and Industry Anand Sharma said on Friday that his country was considering the possibility that the bilateral trade with Iraq in the two currencies المحليتين rupee and the dinar instead of the dollar in order to face devaluation of the Indian rupee and exchange rates volatile.



    [ltr]The Indian minister said that the issue of payment in local currencies in trade between the two countries will be discussed during the bilateral meetings between Iraqi Prime Minister Nuri al-Maliki and Minister Indians.[/ltr]

    [ltr]"We are exploring the possibilities (pay in the local currency, the dinar and the rupiah), we have to import large and we will certainly discuss this issue.[/ltr]


    [ltr]It is known that the bilateral trade between India and Iraq have now reached about 21 billion U.S. dollars.[/ltr]
    [ltr]Meanwhile, al-Maliki has called in a meeting organized by the Chambers of Industry Indian industry to take advantage of business opportunities in different sectors in Iraq, such as agriculture, health and education in Iraq.[/ltr]

    [ltr]He said, "I invite Indian companies to invest in Iraq. There are great opportunities and broad prospects in different sectors."[/ltr]


    [ltr]Experts believe that the Indians will pay in the local currency will help to some extent India in dealing with exchange rate fluctuations and the devaluation of the rupee which fell to its lowest level on record 65.56 against the U.S. dollar during the day
    [/ltr]


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    Rocky
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    • Post n°2

    Indian Minister: We will discuss with Maliki payment in trade between the two countries in local cur Empty Re: Indian Minister: We will discuss with Maliki payment in trade between the two countries in local cur

    Post by Rocky Fri 23 Aug 2013, 2:26 pm

    India and Iraq consider local currencies as medium of exchange after rupee decline




    PTI : New Delhi, Fri Aug 23 2013, 15:55 hrs



    Faced with declining value of rupee and a volatile exchange rate, India is exploring the possibility of bilateral trade with Iraq in domestic currencies, Commerce and Industry Minister Anand Sharma said on Friday.

    The issue of payment for trade in local currencies will be discussed during the bilateral meetings between visiting Iraqi Prime Minister Nouri Kamil Al-Maliki and Indian Ministers.

    "We are exploring possibilities (of payment in local currencies, dinar and rupee) as we have substantial import. We will definitely be discussing this issue," Sharma told reporters at New Delhi.

    India-Iraq bilateral trade currently stands at around USD 21 billion.

    Speaking at function organised by industry chambers, visiting Prime Minister Al-Maliki invited Indian industry to take advantage of the business opportunities in different sectors like agriculture, health and education in Iraq.

    "I invite Indian companies to invest in Iraq. There are great opportunities and wide avenues in different sectors," he added.

    Payment for trade in local currencies will to some extent help India in dealing with the exchange rate volatility and declining value of rupee, which on Thursday slipped to a lifetime low of 65.56 against the US dollar intra-day.

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