India and UAE using their own local currencies – rupee and dirham – to pay for imports and exports is a bold shift away from the dollar. Dirham’s strength and Indian economy’s size allows both currencies to proceed on equal terms. Such isolated shifts won’t worry the US, but not so if the club of countries using their local currencies to trade were to grow
India and UAE using their own local currencies – rupee and dirham – to pay for imports and exports is a bold shift away from the dollar. Dirham’s strength and Indian economy’s size allows both currencies to proceed on equal terms. Such isolated shifts won’t worry the US, but not so if the club of countries using their local currencies to trade were to grow India and UAE using their own local currencies – rupee and dirham – to pay for imports and exports is a bold shift away from the dollar. Dirham’s strength and Indian economy’s size allows both currencies to proceed on equal terms. Such isolated shifts won’t worry the US, but not so if the club of countries using their local currencies to trade were to grow Moneycontrol Latest News Read More
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