BRICS to settle trade in Indian Rupees

[psycopk]

 

[2024]

 

[Sam480]

5 minutes ago, psycopk said:

 

Fake news, why would china trade in INR

[Mancode]

mint  a common currency like euro for EU

any one country dominance will make things worse

[7691]

Navalley tammullu. Trending cheyyandi

[CanadianMalodu]

1 hour ago, Mancode said:

mint  a common currency like euro for EU

any one country dominance will make things worse

Common currency unnecessary burden and useless kooda Euro laga. Prathi country ki  different priorities untayi.  Four central banks, four countries oka currency lo policy dictate cehyyalev

The bigger and /or mightier economy will have greater say, which makes it tough for others. EU and Euro steamrolled Greece. 

It's better all BRICS countries especially Indian perspective lo makes an indirect peg to Gold just as Russia did in 2022. It boosts confidence in Indian Rupee. China sits on huge gold reserves so not much of a problem. Idhi better endhuku ante currency fluctuations undadhu antha. Say India X INR , China Y yuvan, Russia Z roubles one gram of gold ki link chesayi anuko, settling trade easy avthadhi. Appudu every country gold units (value terms ) lo trade no calculate chesukuni aa mandham local currency lo teesukovachu avathala countries nunchi.

But Z10n1sts in West may not agree,  Xi and CPC and Modi Tatah /Congress unilateral ga devalue cheyyaleru currency ni. Inflation would reign in then. This unilateral devaluation, is what made India a slave labor colony in the first place. 

[Mancode]

20 minutes ago, CanadianMalodu said:

Common currency unnecessary burden and useless kooda Euro laga. Prathi country ki  different priorities untayi.  Four central banks, four countries oka currency lo policy dictate cehyyalev

The bigger and /or mightier economy will have greater say, which makes it tough for others. EU and Euro steamrolled Greece. 

It's better all BRICS countries especially Indian perspective lo makes an indirect peg to Gold just as Russia did in 2022. It boosts confidence in Indian Rupee. China sits on huge gold reserves so not much of a problem. Idhi better endhuku ante currency fluctuations undadhu antha. Say India X INR , China Y yuvan, Russia Z roubles one gram of gold ki link chesayi anuko, settling trade easy avthadhi. Appudu every country gold units (value terms ) lo trade no calculate chesukuni aa mandham local currency lo teesukovachu avathala countries nunchi.

But Z10n1sts in West may not agree,  Xi and CPC and Modi Tatah /Congress unilateral ga devalue cheyyaleru currency ni. Inflation would reign in then. This unilateral devaluation, is what made India a slave labor colony in the first place. 

it is also true