The libertarian economist and author has proposed to dollarise the economy, shutter the central bank and shut down some ministries to shrink the state in steps to fix Argentina’s economy, which faces high inflation and currency devaluation amid dwindling reserves and a looming debt bomb.
They'll sell a small amount in rupees to cover what they buy from India. In fact the amount sold was almost exactly equal to the amount they import from India.
who cares what they deal with other cntries, we are getting more wiggle room in cutting down our dependence on dollar.They'll sell a small amount in rupees to cover what they buy from India. In fact the amount sold was almost exactly equal to the amount they import from India.
1 million barrels of oil at $82/bbl now. $84.5m of imports from india last year.
India makes first crude oil payment to UAE in Indian rupees
India and the United Arab Emirates have started settling bilateral trade in their local currencies with India's top refiner making payment in rupees for purchase of a million barrels of oil from the Middle Eastern nation, the Indian government said on Monday.www.reuters.com
Meanwhile they import $20bn from the US and $40-60bn from the EU, so will continue to take the vast majority of payments in $s.
United Arab Emirates Imports from United States - 2024 Data 2025 Forecast 1991-2022 Historical
United Arab Emirates Imports from United States was US$21.42 Billion during 2022, according to the United Nations COMTRADE database on international trade. United Arab Emirates Imports from United States - data, historical chart and statistics - was last updated on September of 2024.tradingeconomics.comEuropean Union Exports to United Arab Emirates - 2024 Data 2025 Forecast 2000-2022 Historical
European Union Exports to United Arab Emirates was US$37.38 Billion during 2022, according to the United Nations COMTRADE database on international trade. European Union Exports to United Arab Emirates - data, historical chart and statistics - was last updated on September of 2024.tradingeconomics.com
And yet you have only bought $82m in rupees. We'll see how it fairs, my bet is that they'll get sick of losing money in between.who cares what they deal with other cntries, we are getting more wiggle room in cutting down our dependence on dollar.
Indias trade with UAE is nearly $80 billion dollar of which $30 billion dollar is India's exports. Which literally means we can pay for nearly $30 billion in rupees itself. The trade will bound to increase as UAE will use the same rupees to buy from India. Greater the trade we do with them better it is for us. If we implement the same with other cntries, at the most max dollar we need is to just cover the deficit.
We will run our own printing press,
That 12% interest will cost them but even with that the ruble has not recovered very much, it is still around 98 to the $ even now. And that's after indications of 2-3 foreign currency dumps by them in the chart as well. As indicated on graph below:Dude I'd be considered an Oligarch if I and mein bank account moved to Russia.
Yeah somebody fked up big time. Usually the radars are safe and the launchers are the ones that get hit because they get deployed closer to the AO away from the radar. Russians got lazy and said, nahhhh it will be fineski.