04-04-2023, 11:21 PM
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India and Malaysia dump dollar, to settle trade in Indian rupee
![[+]](https://sgtalk.net/images/bootbb/collapse_collapsed.png)
04-04-2023, 11:32 PM
At this rate, the Dollar will soon end up lower than the singdollar.
04-04-2023, 11:40 PM
India has convince number of countries
More nations keen on trade settlement in Re: UCO Bank MD
The Financial Express on MSN.com|7 days ago
Many countries including Sri Lanka, Bangladesh and some African nations may evince interest in the rupee settlement system for international trade with India, Soma Sankara Prasad, MD & CEO, UCO Bank,
unprecedented is even small nations are looking else where
Encourage banks, payment service providers to use PAPSS
business|5 days ago
"We have to encourage our banking community to use the Pan African Payments and Settlement System ... and promotion organisation of the Republic of Zimbabwe, he said ensuring currency compatibility among African countries is key to developing safe ...
https://www.youtube.com/watch?v=PUT0Ax1mNQI
Kenya President Urges Country to Get Rid of US Dollars Starts Imports in Local Currency
More nations keen on trade settlement in Re: UCO Bank MD
The Financial Express on MSN.com|7 days ago
Many countries including Sri Lanka, Bangladesh and some African nations may evince interest in the rupee settlement system for international trade with India, Soma Sankara Prasad, MD & CEO, UCO Bank,
unprecedented is even small nations are looking else where
Encourage banks, payment service providers to use PAPSS
business|5 days ago
"We have to encourage our banking community to use the Pan African Payments and Settlement System ... and promotion organisation of the Republic of Zimbabwe, he said ensuring currency compatibility among African countries is key to developing safe ...
https://www.youtube.com/watch?v=PUT0Ax1mNQI
Kenya President Urges Country to Get Rid of US Dollars Starts Imports in Local Currency
04-04-2023, 11:42 PM
Soon Singapore may not be able to maintain the same band as USD.
05-04-2023, 04:44 AM
05-04-2023, 04:46 AM
05-04-2023, 07:51 AM
(04-04-2023, 11:42 PM)theold Wrote: Soon Singapore may not be able to maintain the same band as USD.
$ still strong but may result more to switch.
https://nation.africa › kenya › business › oil-marketers-to-pay-for-fuel-imports-in-kenyan-shilling--4157764
Oil marketers to pay for fuel imports in Kenyan shilling as shortage ...
Mar 14, 2023Local oil companies will pay for oil imported on credit through a government-to-government deal in Kenya shillings to ease pressure on the local currency that continues to hit new record lows every week. Energy and Petroleum Cabinet Secretary Davies Chirchir said on Monday that the government signed a deal last week with Saudi Aramco to supply ...
05-04-2023, 08:02 AM
The changing of the trading currencies is super fast and furious. A blink of an eye. Within a month/ a few weeks. This will be speed up by the digital currencies in which the printing of physical currencies is slow.
06-04-2023, 04:03 PM
(04-04-2023, 11:21 PM)lvlrsSTI Wrote: https://www.wionews.com/business-economy...pee-578485
INDIA & MALAYSIA ini boleh juga...
06-04-2023, 04:05 PM
06-04-2023, 04:10 PM
China, Russia, Saudi, also ditching USD. Good!!!
06-04-2023, 04:11 PM
Malaysia owe 246B USD to creditors around the world. No thanks to Najib who loves to borrow and pawn his country future.
When Malaysia received its payment in rupees which falls vs the USD by 50% every few years it will have to convert it to USD fast so that it van service its debts.
The India side will also dump jts Ringgit and convert to USD because it needs USD to service its debt.
When Malaysia received its payment in rupees which falls vs the USD by 50% every few years it will have to convert it to USD fast so that it van service its debts.
The India side will also dump jts Ringgit and convert to USD because it needs USD to service its debt.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
06-04-2023, 04:15 PM
Not so simpur
The only way for this to work is the whole world switch at once and tong a period of a quarter and then the USD will collapse in value and the cake would have been baked
The only way for this to work is the whole world switch at once and tong a period of a quarter and then the USD will collapse in value and the cake would have been baked
06-04-2023, 04:27 PM
(06-04-2023, 04:11 PM)sgbuffett Wrote: Malaysia owe 246B USD to creditors around the world. No thanks to Najib who loves to borrow and pawn his country future.So India side will dump its Ringgit and convert to USD to service it's debt in USD.....?
When Malaysia received its payment in rupees which falls vs the USD by 50% every few years it will have to convert it to USD fast so that it van service its debts.
The India side will also dump jts Ringgit and convert to USD because it needs USD to service its debt.
06-04-2023, 04:40 PM
06-04-2023, 04:41 PM
The rupee is a very consistent currency in depreciation, even against the ringgit. Malaysia is stupid to agree to use rupee to trade with India. At least, should use a mix of rupee and ringgit.
![[Image: image.png]](https://i.ibb.co/ChrN7x1/image.png)
06-04-2023, 05:10 PM
(06-04-2023, 04:41 PM)starbugs Wrote: The rupee is a very consistent currency in depreciation, even against the ringgit. Malaysia is stupid to agree to use rupee to trade with India. At least, should use a mix of rupee and ringgit.
How come everyone is queueing up to exchange Ringgit rather than Rupees?
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06-04-2023, 06:36 PM
(06-04-2023, 04:33 PM)lvlrsSTI Wrote: https://www.timesnownews.com/business-ec...e-99095056
Rupee a global currency????????????
My toes are laughing
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