UAE Central Bank signs MoU with Reserve Bank of India

ABU DHABI, 16th February, 2016 (WAM) -- The Central Bank of the UAE has announced that it signed a Memorandum of Understanding, MoU, with the Reserve Bank of India on Friday, 12th February, 2016 in Mumbai, to consider a Currency Swap Agreement between the two countries. Mubarak Rashed Al Mansoori, Governor of the UAE Central Bank signed the MoU on behalf of the UAE and Governor Dr. Raghuram Rajan signed the MoU on behalf of the Reserve Bank of India. The MoU signals a new stage of cooperation, which will strengthen economic ties between India and the United Arab Emirates. It was signed on the side-lines of the recent visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to the Republic of India. – Emirates News Agency, WAM -http://www.wam.ae/en/news/economics/1395291621352.html