Discover and read the best of Twitter Threads about #Rupees
Most recents (3)
.... the FCD scheme that allowed
#Pakistanis to convert illegal or undeclared income into #dollar accounts, without fear of legal retribution, started in 1991 and ended in 1998. Its demise occurred when the government froze hard currency withdrawals and repaid everyone (1/13)
#Pakistanis to convert illegal or undeclared income into #dollar accounts, without fear of legal retribution, started in 1991 and ended in 1998. Its demise occurred when the government froze hard currency withdrawals and repaid everyone (1/13)
the value of their deposits in Pakistani #rupees to deal with the foreign currency crisis created by sanctions imposed after Pakistan’s #nuclear tests in 1998.
Other schemes to deal with diminution in concessional flow of foreign #funds have veered from the dangerous to (2/13)
Other schemes to deal with diminution in concessional flow of foreign #funds have veered from the dangerous to (2/13)
the comical. In early 1991, soon after the US invoked the sanctions under the Pressler Amendment, ‘Pakistan’s army chief and the head of its intelligence agency proposed a detailed “blueprint” for selling heroin to pay for the country’s covert #military operations.’ The (3/13)
#Rupee has fallen far lower Vs #Dollar,comparatively👇
Euro,2 days ago,went below $1 for 1st time in 20yrs,reflecting big weakness in #Euro
Rupee,displaying strength,has risen big time against Euro,Pound &Yen💪
So #Madarsa dentists from Congress should stop lecturing on Rupee
Euro,2 days ago,went below $1 for 1st time in 20yrs,reflecting big weakness in #Euro
Rupee,displaying strength,has risen big time against Euro,Pound &Yen💪
So #Madarsa dentists from Congress should stop lecturing on Rupee
@narendramodi govt in a landmark measure has allowed international trade settlement in #Rupees
Explained👇
When countries import&export goods&services,they have to make payments in foreign currency
Since US Dollar is world’s reserve currency,most trades are entered into in USD
Explained👇
When countries import&export goods&services,they have to make payments in foreign currency
Since US Dollar is world’s reserve currency,most trades are entered into in USD
Here,both parties involved have to incur conversion expenses&bear risk of foreign exchange rate fluctuations
This is where trade settlement in Rupee comes in-instead of paying &receiving US Dollars,invoice will be made in Indian Rupees if counterparty has #Rupee Vostro account
This is where trade settlement in Rupee comes in-instead of paying &receiving US Dollars,invoice will be made in Indian Rupees if counterparty has #Rupee Vostro account
Explained: International trade settlement in #Rupees and why #RBI is doing it
businessinsider.in/finance/news/w…
By @jainrounak
businessinsider.in/finance/news/w…
By @jainrounak
#RBI’s efforts to keep the #Rupee stable and cut down the use of the US Dollar – a decades-old habit that most of the world seems unable to shake off – has seen an earnest beginning with the central bank now allowing invoicing of international trade in Rupees.
#RupeeVsDollar
#RupeeVsDollar
What is international trade settlement in #Rupees?
When countries import and export goods and services, they have to make payments in a foreign currency. Since the US Dollar is the world’s reserve currency, most of these transactions are entered into US dollars.
#RupeeVsDollar
When countries import and export goods and services, they have to make payments in a foreign currency. Since the US Dollar is the world’s reserve currency, most of these transactions are entered into US dollars.
#RupeeVsDollar
