GIFT City Foreign Currency Settlement System скачать в хорошем качестве

GIFT City Foreign Currency Settlement System

The recent launch of a foreign currency settlement system by Finance Minister Nirmala Sitharaman at GIFT City, which is India’s International Financial Services Centre (IFSC). The new mechanism aims to transform how cross-border foreign currency transactions are handled, shifting them from a slow, expensive correspondent banking route that relied on Nostro accounts abroad to a localized settlement infrastructure. This system, operated by CCIL IFSC Ltd. and authorized under the Payment and Settlement Systems Act, drastically reduces settlement time from up to two days to mere seconds, enabling real-time gross settlement (RTGS) for initial currencies like the US Dollar. By localizing this process, the initiative is intended to improve financial efficiency, enhance liquidity management, and strengthen India's strategic autonomy as it seeks to position GIFT City as a major global financial hub comparable to locations such as Hong Kong and Singapore.#India #GIFTCity #ForeignCurrencySettlement #Finance #Banking #InternationalTrade #EconomicGrowth #Gujarat #FinancialHub #Innovation #DigitalFinance #Currency #IndiaGrowthStory #IndianEconomy #Fintech Your queries: gift city gift city 2025 gift city gujarat ifsca