Re:India's Central Bank Announces International Trade Settle...
by flashfaffe2 on Monday July 11, 2022 @02:58PM
(#32060235)
Basically the same criteria United has compared to the others countries:
- a large assets backing the money ( the us economy)
-A large debt market that can be traded easily ( t-bills )
-A safe economic environment
-A protection system for any foreign investors.
No country expect the us offers those conditions.
Europe debt is too fragmented, China controls his currency, and Japan is not big enough.
.
Russia made the move because the rouble was back by their natural resources.
In India case, I m very surprised by this move and some technicals requirements would be needed.
- a large assets backing the money ( the us economy) -A large debt market that can be traded easily ( t-bills ) -A safe economic environment -A protection system for any foreign investors.
No country expect the us offers those conditions. Europe debt is too fragmented, China controls his currency, and Japan is not big enough. .
Russia made the move because the rouble was back by their natural resources.
In India case, I m very surprised by this move and some technicals requirements would be needed.