US Removes India from currency watchlist

[Funkops]

https://m.greatandhra.com/articles/special-articles/us-removes-india-from-currency-watch-list-125138
 

Experts what does this mean?

 

[Spartan]

The monitor listed countries are keep trakc of how the listed countries are generating the money and how are they using.

for example, if there is huge dollar buying or some other currency buying from Indian Rupee, for importing goods,

they will track how it got that money (legal means or by bulk printing...or terror funds for small nations).

a watch list lo unte, u r being monitored and will get questioned at intl forums and might get banned..

getting out of the list means, India has implemented transparent means of money tracking for Intl institutions...anduke list tesesaru.

good for India to do more business with other countries, ...

 

PS: frankly it is just a appeasing move from Yellen, to check China and Russia....and also asking India to stop buying oil from Russia in other currency except dollar.

since India is a major hub, if it supports non-dollar transactions with Russia, dollar bisket ayye chances unnai.and other countries might follow similar approaches to ease inflation etc...whcih they cannot do at present due to banning etc....anduke this move and removal from the list