* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, June 12, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    The Analyst Verdict: PENN Entertainment In The Eyes Of 7 Experts – Nasdaq

    7 Experts Reveal the Ultimate Verdict on PENN Entertainment

    3 Arts Entertainment Expands Into News With Acquisition of OManagement (Exclusive) – The Hollywood Reporter

    3 Arts Entertainment Expands Into News With Acquisition of OManagement (Exclusive) – The Hollywood Reporter

    Leading Proxy Advisory Firm Glass Lewis Recommends Shareholders Vote “FOR” Both of PENN Entertainment’s Director Nominees on the WHITE Proxy Card – Business Wire

    Glass Lewis Urges Shareholders to Support All PENN Entertainment Director Nominees on the WHITE Proxy Card

    Cisco Partners with Monumental Sports & Entertainment to Power New D.C. Arena – Cisco Newsroom

    Cisco Teams Up with Monumental Sports & Entertainment to Revolutionize the New D.C. Arena Experience

    Middle Eastern Entertainment Headlines at 5:49 a.m. GMT – Yahoo

    Exciting Updates from the Middle Eastern Entertainment Scene!

    Ceramic Dalmatian Entertainment is WLAF’s Business of the Week – WLAF

    Spotlight on Success: Ceramic Dalmatian Entertainment Shines as This Week’s Featured Business!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    6.12pm is the new 8pm – Go Technology – cgastrategy.com

    6.12pm is the new 8pm – Go Technology – cgastrategy.com

    Russian Scientists Develop Sub-Ångström Technology for Next-Gen Quantum Processors – The Quantum Insider

    Russian Scientists Pioneer Sub-Ångström Technology to Revolutionize Next-Gen Quantum Processors

    Study uncovers SiPore Technology’s capacity to regulate blood glucose levels – Nutraceutical Business Review

    Study uncovers SiPore Technology’s capacity to regulate blood glucose levels – Nutraceutical Business Review

    SunHydrogen Unveils Large Hydrogen Reactor in Houston – Fuel Cells Works

    SunHydrogen Launches Groundbreaking Large-Scale Hydrogen Reactor in Houston

    Technology, Labor Rights, and Political Power in Kenya and Across Africa – Tech Policy Press

    How Technology is Shaping Labor Rights and Political Power Across Africa

    Reeves to Announce £86 Billion for Science and Technology in Spending Review – Bloomberg

    Reeves Set to Unveil Groundbreaking £86 Billion Investment in Science and Technology!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    The Analyst Verdict: PENN Entertainment In The Eyes Of 7 Experts – Nasdaq

    7 Experts Reveal the Ultimate Verdict on PENN Entertainment

    3 Arts Entertainment Expands Into News With Acquisition of OManagement (Exclusive) – The Hollywood Reporter

    3 Arts Entertainment Expands Into News With Acquisition of OManagement (Exclusive) – The Hollywood Reporter

    Leading Proxy Advisory Firm Glass Lewis Recommends Shareholders Vote “FOR” Both of PENN Entertainment’s Director Nominees on the WHITE Proxy Card – Business Wire

    Glass Lewis Urges Shareholders to Support All PENN Entertainment Director Nominees on the WHITE Proxy Card

    Cisco Partners with Monumental Sports & Entertainment to Power New D.C. Arena – Cisco Newsroom

    Cisco Teams Up with Monumental Sports & Entertainment to Revolutionize the New D.C. Arena Experience

    Middle Eastern Entertainment Headlines at 5:49 a.m. GMT – Yahoo

    Exciting Updates from the Middle Eastern Entertainment Scene!

    Ceramic Dalmatian Entertainment is WLAF’s Business of the Week – WLAF

    Spotlight on Success: Ceramic Dalmatian Entertainment Shines as This Week’s Featured Business!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    6.12pm is the new 8pm – Go Technology – cgastrategy.com

    6.12pm is the new 8pm – Go Technology – cgastrategy.com

    Russian Scientists Develop Sub-Ångström Technology for Next-Gen Quantum Processors – The Quantum Insider

    Russian Scientists Pioneer Sub-Ångström Technology to Revolutionize Next-Gen Quantum Processors

    Study uncovers SiPore Technology’s capacity to regulate blood glucose levels – Nutraceutical Business Review

    Study uncovers SiPore Technology’s capacity to regulate blood glucose levels – Nutraceutical Business Review

    SunHydrogen Unveils Large Hydrogen Reactor in Houston – Fuel Cells Works

    SunHydrogen Launches Groundbreaking Large-Scale Hydrogen Reactor in Houston

    Technology, Labor Rights, and Political Power in Kenya and Across Africa – Tech Policy Press

    How Technology is Shaping Labor Rights and Political Power Across Africa

    Reeves to Announce £86 Billion for Science and Technology in Spending Review – Bloomberg

    Reeves Set to Unveil Groundbreaking £86 Billion Investment in Science and Technology!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

India-Indonesia to have real-time settlement, trading in local currencies

July 16, 2023
in Business
India-Indonesia to have real-time settlement, trading in local currencies
Share on FacebookShare on Twitter

India and Indonesia are soon going to have real-time settlement and trading in local currencies, senior government officials said on Sunday on the sideline of G20 Finance Minister Central Bank Governors’ (FMCBG) meeting under India’s presidency. Once this happens, it will be the second country after UAE to have this kind of arrangement.

Another important development is that a synthesis paper on crypto regulation is likely to be taken up during the G20 Leadership Summit under India’s Presidency, scheduled to take place this September in New Delhi.

On Indonesia, the official said talks are currently on for trading and real time settlement in local currencies. “It will get done soon,” the official said. Earlier in the day, India and Indonesia launched the “Economic and Financial Dialogue” (EFD Dialogue).

Embarrassing digital tech

On this occasion, Indonesia Finance Minister Sri Mulyani Indrawati said that both countries would discuss the possibility of co-operation in digital technology, payment systems under central banks and using more local currency.

On Saturday, the Reserve Bank of India and the Central Bank of UAE (CBUAE) signed two memorandum of understandings (MoUs) for establishing a framework to promote the use of local currencies viz. the Indian rupee and the UAE Dirham for cross-border transactions and cooperation for interlinking their payment and messaging systems.  

Issues for FMCBG meeting

The official also informed that that G20 meetings under India’s presidency is trying to evolve a framework for crypto regulation through inputs from one and all. Earlier after Bengaluru meeting, it was decided that Financial Stability Board (FSB) will finalise its high-level recommendations on the regulation, supervision and oversight of global stablecoins, crypto-asset markets and activities. International Monetary Fund (IMF) has already come out with a discussion paper. Now “a synthesis paper will be circulated among member countries before leadership summit. The paper will be combination of reports by IMF and FSBs along with note from the Presidency,” the official said.

Crypto is one of four key issues of G20 meetings under India’s presidency. Other three includes Multilateral Development Bank (MDB) reforms, Debt & Sustainability Framework and Digital Public Infrastructure. All these four will be deliberated during FMCBG meeting starting on Monday.

Talking about MDB reforms, the official clarified that the effort is not to disturb the present arrangement of MDB such as the World Bank and IMF but to see if “they are ready for the 21st century.” Keeping this in mind, an expert group under the chairmanship of former Indian bureaucrat N K Singh and Professor Emeritus of Harvard University, Lawrence Summers was formed and it has submitted the report which will be taken up for discussion here.

On debt and sustainability framework, the official said that agreement has been reached for settling debt distress of Zambia but same mechanism cannot be applied for all. “One size cannot fit for middle income countries or low-income countries,” the official added. Further, India’s role in creating digital public infrastructure has widely been appreciated on G20 platform and this is likely to get further push.

When asked about the issuance of a communique post-FMCBG meeting here, the official was non-committal. The expression on the Russia-Ukraine war could not bring consensus on the communique at the Bengaluru edition of FMCBG which finally ended with the issuance of just chair summary.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : TheHinduBusinessLine – https://www.thehindubusinessline.com/news/india-indonesia-to-have-real-time-settlement-trading-in-local-currencies/article67087767.ece

Tags: businessIndia-Indonesiareal-time
Previous Post

FM Sitharaman calls for further strengthening global architecture to combat financial crimes

Next Post

Donald Glover Stars in First Teaser for Mr. & Mrs. Smith Series: Watch

Washington Department of Ecology Proposes New Permitting Program for Projects that Alter or ‎Impact Waters of the State – JD Supra

Washington Department of Ecology Unveils New Permitting Program for Projects Affecting State Waters

June 11, 2025
Ssss-ummer fun at Cook Museum of Natural Science – WHNT.com

Ssss-ummer fun at Cook Museum of Natural Science – WHNT.com

June 11, 2025
Researchers create AI-based tool that restores age-damaged artworks in hours – The Guardian

Revolutionary AI Tool Restores Age-Damaged Artworks in Just Hours

June 11, 2025
Summer-Ready Blue Lifestyle Sneakers – Trend Hunter

Step Into Summer with Stylish Blue Lifestyle Sneakers

June 11, 2025
USU supported $1.4 billion to the state economy in 2023, says new study – KSLTV.com

USU supported $1.4 billion to the state economy in 2023, says new study – KSLTV.com

June 11, 2025
SAG-AFTRA Suspends Strike Against Video Game Companies, Paving Way for Return to Work – Yahoo

SAG-AFTRA Ends Video Game Strike, Clearing the Path for Actors to Return to Work

June 11, 2025
Deion Sanders provides update amid speculation about his health: ‘I can assure you all that everything is OK’ – CBS Sports

Deion Sanders Sets the Record Straight: “I Can Assure You All That Everything Is OK

June 11, 2025
Trump plans to phase out FEMA, shift disaster management to states – Scripps News

Trump Calls for Phasing Out FEMA, Empowering States to Lead Disaster Management

June 11, 2025
6.12pm is the new 8pm – Go Technology – cgastrategy.com

6.12pm is the new 8pm – Go Technology – cgastrategy.com

June 11, 2025
Here are the 2025 Monroe County Sports Hall of Fame scholarship winners – The Herald-Times

Here are the 2025 Monroe County Sports Hall of Fame scholarship winners – The Herald-Times

June 11, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (682)
  • Economy (696)
  • Entertainment (21,600)
  • General (15,333)
  • Health (9,737)
  • Lifestyle (700)
  • News (22,149)
  • People (697)
  • Politics (703)
  • Science (15,913)
  • Sports (21,197)
  • Technology (15,682)
  • World (680)

Recent News

Washington Department of Ecology Proposes New Permitting Program for Projects that Alter or ‎Impact Waters of the State – JD Supra

Washington Department of Ecology Unveils New Permitting Program for Projects Affecting State Waters

June 11, 2025
Ssss-ummer fun at Cook Museum of Natural Science – WHNT.com

Ssss-ummer fun at Cook Museum of Natural Science – WHNT.com

June 11, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version