Russia and India created a new system of international money transfers

16:13 - 31.03.2022

March 31, Fineko/abc.az. State Development Corporation VEB.RF and the Reserve Bank of India (Central Bank) have created an alternative platform to facilitate bilateral trade, ABC.AZ reports with reference to the Indian press.

The new system will be put into operation within a week and will be able to ensure the smooth transfer of import or export documents for transactions in rupees and rubles.

The new payment system will be installed at the headquarters of both the Reserve Bank of India and VEB.RF.