Current Affairs · GIFT City Developments
In October 2025, Union Finance Minister Nirmala Sitharaman launched an innovative inter-bank forex clearing mechanism at GIFT City that slashes foreign currency settlement times from days to seconds. What is the official name of this new mechanism?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1International Forex Clearing Mechanism
- 2Foreign Currency Settlement System✓
- 3Real-Time Forex Transaction Network
- 4India Forex Direct Settlement System
Correct answer
Foreign Currency Settlement System
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