INDIA’s FIRST INTERNATIONAL BULLION EXCHANGE (IIBE)

July 30, 2022

Prime Minister Narendra Modi launched India’s first International Bullion Exchange (IIBE) at Gujarat International Finance Tech (GIFT) City in Gandhinagar.

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With the inauguration of IIBE, India can not only influence the gold pricing but also play a role in setting the gold prices.
Prime Minister also launched NSE IFSC-SGX Connect and laid the foundation stone of the headquarters of the International Financial Services Centres Authority (IFSCA) at GIFT City.
IFSCA also signed memorandums of understanding (MoUs) with regulatory authorities of Singapore, Luxembourg, Qatar, and Sweden in the presence of PM Narendra Modi.

Source : LiveMint

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