珍珠湾

岳东晓

Zhen Zhu Wan Online Community Club of Elite Chinese

Zhen Zhu Wan Online Community Club of Elite Chinese


Because Indian labourers brought back Dirhams from UAE. India don't have
Replying to: India prefer to pay for Russian oil in dirhams than yuan but Russia prefer yuan -- motif Post ReplyForum


sinbad

10/17/2023, 16:19:51




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enough Yuans.  For India to have enough Yuans, it needs to export to China.  India exports hard labor to the Middle East.  Dirham-Rupee exchange is common.  Annual remittances to India is more  than100 billion US dollars and the top country is UAE.

When you have don't enough Yuans,  you need to sell Rupees to get it.  Nobody wants Rupees so they have to charge a premium for the conversion.

Just wait until China demands Yuans for its exports to India.  

 

India's export total is less than Singapore, a country of 5 million people.  LOL!






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