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VIDEO INTRODUCTION: On 11th of July 2022, the Reserve Bank of India a made very very bold announcement whereby domestic traders could settle their imports and exports with Indian Rupees!! This move of taking the INR global is a very big deal because it said to help India trade directly with Russia without depending on the American banks!! On one side, while this could push us into new horizons of world trade with Russia, Iran, Venezuela, and Sri Lanka, on the other, this move could actually destroy our relations both with the US and Europe! So this is not a significant move from the economical standpoint but from a geopolitical standpoint!!
So the question is?
What is RBI's strategy behind bringing this system?
How will this help us trade with Russia and Iran in spite of the western opposition?
How will this help the economy of India?
and most importantly what are the study materials to help you understand this system better?
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nethulajangaiah@gmail.com Credits: CNN-News 18, WION, NBC News, Money control pro, Business standard, TV18,Business Today, ABC news, CNBC, ET now ,Bloomberg originals, Financial Times, DW documentary, AL Jazeera English, BBC news, Firstpost. Fair use - This video is for educational purposes only. All materials used in this video, including images, audio, and video clips, are the property of their respective owners and are used here under the doctrine of fair use. This video is intended to provide commentary, criticism, research, and education on the subject matter. We believe this constitutes a fair use of any such copyrighted material as provided for in Section 107 of the US Copyright Law.
