Tags
Banking and insurance in Iran, India, Indian Oil Corporation, Indian rupee, Iran, Iranian oil market, NEW DELHI, Press TV, Rupee
.
.
India is to settle its 1.53 billion dollars dues with Iran in Rupees.
From now on, all the trade will only be done in Indian currency.
Until February, 45 percent of the Indian oil import payments were made in Euros, with the money going through Turkish Halkbank.
Since then Indian crude oil importers have held on to their payments.
A Russian route to make payments in Ruble was explored however it did not work out.
Finally the Rupee transactions are left as the only alternative.
UCO Bank is the only Indian designated institute under the rupee-payment mechanism with Iran.
It is backed by its tie-ups with five Iranian banks which worked on carrying out the process of settlements of dues in April last year.
Sanjay Sethi, Press TV, New Delhi
Published on Jul 14, 2013
.
.
.
Johnsonas said:
Reblogged this on Johnsono ne'Blog'as.
roslan bayu said:
WE MUST WEAKEN ZIONIST AIPAC BY BOYCOTTING THEIR PRODUCTS, CURRENCY ETC. BUY EAST PRODUCT BUT NOT WEST AND ISRAEL PRODUCT, BAR CODE STARTING WITH 729………..
Francenaldo Amorim said:
I agree with you, the only manner to anniquilate these zionnists américans/Israel bastards, is to boycot their products and the international dollar payments. That will anniquilate them ecconomically.. The american government are fabricating billions of dollars without garanty in gold, inflating the world, paying properties and their fleet and bases militaries expenses abroad and commodities, giving faulse reserves in dollars. The gold to guaranty all these international dollars reserves, spreaded all over the world, is less 10% of the total, as security economic sources.
roslan bayu said:
Mr. Amorim, your comment is spot on, so tell all your relatives and friends not to buy american products, buy native product or Iranian n japanese products.