It is reported by RIA Novosti with reference to the Ministry of Commerce of India.
“The Government of India has made appropriate amendments to the foreign trade policy and procedure handbook to allow settlements in international trade in Indian rupees, i.e. invoicing, payment and export/import settlement in Indian rupees,” the agency said.
It is clarified that the relevant amendments to the foreign trade policy were made to simplify and facilitate international trade operations in the Indian national currency.
Earlier, the head of the Egyptian Central Bank, Hassan Abdallah, announced plans to abandon the peg of the national currency to the dollar.