In March 2025, India's central bank, the Reserve Bank of India (RBI), and the central bank of Mauritius, the Bank of Mauritius (BOM), signed a Memorandum of Understanding (MoU) to establish a framework for promoting the use of the Indian Rupee (INR) and the Mauritian Rupee (MUR) in cross-border transactions.
📚 Test Your Knowledge:
Recently, the Reserve Bank of India (RBI) signed an MoU with which central bank to promote INR and MUR for bilateral transactions?
Correct Answer: Bank of Mauritius