How RBI's STRATEGY will KILL the US DOLLAR dominance in the world economy? : Rupee Vs Dollar War
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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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#rupee #dollar #dollarvsrupee
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This is a very important video for every Indian. Share this video to everyone you think must know.
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Your every video is important for not only every Indian but for everyone to understand business, economics etc more clearly and also help people in starting business with less mistakes...!!
Thank you sir...!!
Do a video on goerge Westinghouse. He transformed the railway and the Electricity industry and challenged Edison and JP Morgan while helping Tesla and keepin in mind of ethics and technological progress unlike other robber Barron's of the 19th century.
please pin the study materials....
i want to study
Ganesh bhaiya plz make a vdo on ...
What is the transaction mathod of the deals done under billion dollar and how does the giant companies buy the small company under which mode of transaction 🙏🙏
Study material?? U have not uploaded it bro..
This wouldn’t “Kill the dollar” as mentioned in the title. Don’t forget that currency dominance depends on demand of the currency. India would need to export stuff to create that demand. If all the nations in the world stop using dollars only then the dollar would fall. Also, we would have to repay our international loans in USD so we would have to convert our currency into dollars anyway, making all this a threat of losing USD in our vault and reducing our Forex currency.
So India’s debt will be substantially reduced if the USD gets depreciated.
changes happen slowly not overnight
Yes. It took 65 years to make Re. 1 to Rs. 63.
@@toneyjoseph5556 how come all other currencies have dropped then ?
Till date manufacturing powerhouse like China has not been able to make its currency deliverable (knowing the fact that it’s currency will get crushed by dollar traders) ,expecting that to happen with INR is bit premature..the title of the video is bit misleading ..
When does a currency appreciate ?
- increased exports
- foreign tourists & investors
- remittances
- borrowings ( Inflow of dollar )
So increasing exports ( make in India )
Decreasing imports ( aatmnirbhar bharat )
Focusing on renewable and alternate sources of energy ( nuclear ).
Bruh reality is our imports from china has increased exponentially while export % stands nowhere.
@@harshatsingh8055 facts 💯💯💯
@@harshatsingh8055 It will be very hard to reduce exports from China. However, on overall basis (and not only China) the trade deficit has been decreasing as percentage of total trade if we remove the imports of petrol (Prices of petrol are beyond the control of government. This will help all the governments to reduce import bills). The next focus of India has to be energy independence as it's important both politically and economically.
@@harshatsingh8055 you cannot just pull the rug under the Industry's carpet. I too work in a company and I know for a fact that first we search Indian vendors, then chinese vendors. Now trade deficit is increasing because manufacturing sector is growing faster in assembly than in fundamental components manufacturing which require more investment and give lesser returns. Examples of batrery cell, integrated chips abd solar wafers are all prime example.
Long term plan is to reduce export of raw materials and decrease import of finished goods. Good example of that is OLA recently developing indigenous NMC lithium battery cells while at the same time starting manufacture of solar wafer and semiconductor chips through various PLI schemes. Note that all three above critical components were imported at one time, ie. 6 years ago.
6 years ago opposition said we can never become manufacturing hub under modi, now the goalpost is shifted saying we will never beat china. Tomorrow the goalpost will be "we were never able to replicate chinese rapid growth story". Goalposts shifting will happen but such tricks are clear to see for those who actually work in industry for good of society and natio
@@hrushikeshavachat900 indian business man should manufacutre cheap mobile,laptop and other gadget so it will decrease dependence on china
As a upsc aspirant this is one of finest way of Explaining Economics +Terms involving in this Move by India Can be understood even by a High School Student !!! Tq ganesh anna
True
yes...
All the best friend, we hope you are immune to corruption and power. serve the nation. Bless you
The exchange rate is totally dependent on dollar right?????
How the exchange rate are calculated??
@@ramalingam7252 cross rates ....Like Rupee vs USD & Russia currency vs USD
Or major currency exchange rates available
Think School has picked a sweet spot of explaining Geopolitics to common people in common language. The demand for such kind of information is immense and no doubt Think School is leveraging it. Great work!!
Bhai kuch nhi hoya rupee or niche gir gya , ye sab bewakoof bnate hai
I agree, Vedant! It's all about leveraging. The economics of the trade is more complex than a 14-minute video. Nevertheless, it is indeed a great platform for the masses to understand. Keep it up!
@@jashanvirsingh2166 ofc rupees niche hi girega ham sirf girna slow kar sakte hai
@@madara2994 are video dekh usne jo kha uske bare main kha , ki dollar dominance kam hojayegi ,kuch nhi hua
Finally, some govt doing something about promoting Indian Rupee as International transaction currency. Also with France accepting UPI system, more countries will accept India's UPI.
@@lohitm Yes. However such decisions are taken in consultation with the government die to a simple reasons. Uncle Sam is going to put pressure on the government and not RBI.
@@lohitm No, still under executive.
@@lohitm sirf books me
govt papa h sb institutions ka
@@ishaanrohmetra3447 true tho
Modi government is no doubt the most aggresive govermnment of all time doing everything to make country self dependent
If rupee is internationalised then other country will also internationalise their currencies and Yuan will become a major international currency as China being the second biggest economy and manufacturing hub of world . It is a short term move by Govt to stabilise Rupee
It's been 8 years since Supreme Leader Mudiji took over. we're still trying to be Manufacturing Hub. While countries like vietnam took business away from us without making any noise.
No other countries won't internationalise their currency because u need exports as big as india has '500'B dollar
@@tejas_yadav yes thanks to congress leadership who wasted opportunity in past 70 years and was full confident that India will never self reliant.
@@tejas_yadav Thats the bad part . If Congress and prevoius parties took the innitiative of self reliance , we would be in the same heights as China .
@@goldeagle1976 can to tell me one Index or study in which India is leading or tell me one government policy which has been implemented successfully by Mudiji (expect abrogation of 370)
A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k
The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.
@@marianparker7502 In my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.
@@Natalieneptune469>
@@tradekings5433
But better to get goods in less price as we are paying more in comparison to dollar.
It's time for a universal system unlike a system beneficial only for some countries, eg: gold should be used instead of $ for trading, so no inequality will happen
मुझे इस विषय में ज्यादा जानकारी नहीं है , please explain how ? Eager to know..
Some countries have / produce more gold then other who you gonna create balance ??
This is the first time I've liked a sponsored product ever. This is something I always wanted in my life. (Multipl) I hope it will be as good as you explained about it in the video.
NO SCHOOL AND COLLEGE WILL TEACH US THIS... THIS IS THE BEST KNOWLEDGE FOR EVERY ONE. KEEP DOING THE GOOD WORK BROTHER.
Because children going to school think algebra is useless and has no use in their life. Let them do the basics properly first then let them learn the high level stuff.
Interesting: I thought it was just to strengthen Rupee. But it's also about security and avoiding Western control. Nice😎
A weaker rupee should actually help exports. A stronger rupee would destroy local businesses unless you impose heavy import tariff.
@@thunderb00m Lol never. Maybe for temporarily. Or we need to completely avoid Crude oil importing.
*There is a hidden cost to all this business with Russia. Because of this decision, I expect some more foreign funded protests similar to the one that was started after foreign uproar.*
@@thunderb00m But at the same time we run a risk of puting our Foreign Reserves in danger. Though I got your point. And yes, the impoty duties are already quite high on many commodities. That's why Tesla critisiced too much about it.
@@YOTUBE8848 well that seems unavoidable either way. Every few weeks there are protests in India. We need to work on internal security and deal with violent protests swiftly and firmly. Also foreign funding for ngos and organizations needs to be monitored more closely.
RBI New Strategy for International Trade
Problems with SWIFT system
- Heavily controlled by West
- Freeze US Dollar accounts
- Transferance cost because of multiple transaction
1) Vostro Account
- Enable trade with Russia
- Venezuela & Iran Trade
- UAE
ഇന്ത്യൻ രൂപയ്ക്ക് ഡോളറിനെ ചെറുക്കാൻ കഴിയുമോ | Will Indian Rupee Can Stand Aganist Dollar? th-cam.com/video/hTvRcf4lwA8/w-d-xo.html
WHEN JAYASHANKAR SIR SAID ABOUT WESTERN OIL PURCHASE, I THOUGH IT'S SOME OTHER COUNTRY BUT NOW IT'S CLEAR THAT USA IS ALSO ONE AMONG THEM. THANKS SIR FOR YOUR VALUABLE INFORMATION 🙏.
This is indeed the best business/geopolitics channel of 🇮🇳
Big ups bro!
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Yes. At 1USD=81.5 Rs, dollar is finally getting killed 😂😂😂😂😂
Something is missing here, because INR is accepted only in our neighborhood countries like SL, BD, Nepal and Bhutan. Even we prefer USD, LBP, EUR, CMB, JPY as payment for our exports. Either our Govt is underwriting such INR transactions in USD or we are paying very high transaction charges. Yet to hear about some happy beneficiary with this change.
Status quo is changing heavily. A lot of countries are interested in moving away from USD based trade. The USD has been so severely overprinted in the past few years that it's hardly a reliable currency anymore and the current US engagement with Russia gives many Asian + African countries a chance to break free from the USD. There have been proposals for alternative currency basket based trades with a new system that is not based on SWIFT between countries in Asia. Additionally, Asia is self sufficient in terms of resources and manufacturing such that there is no real reason to need the USD as an intermediary. The only open question is whether the cure is worse than the disease; especially if China/RMB gets entrenched within the Indian economy (like what they are proposing to do to Sri Lanka).
The video is not saying anything about Russia or some other country accepting INR, the money conversion takes place via Vostro accounts. Also, literally no nation prefers USD, EUR as payments for exports- the commission and conversion charges are too high!
But why are preferring JPY i.e. Japanese Yen? 1 JPY = Rs 0.6 🤔🤔
@@dpakj989 your views about USD are very current and apt. Europe has already opted mostly from USD. GoI used to pay in INR to USSR, but with heavy transaction and conversion charges. Official exchange rates for INR in neighbouring countries and in Singapore and Thailand are very discouraging. In USA, Germany and Sydney, banks had refused to take INR, irrespective of exchange rate. My point was about the claim of acceptance of INR internationally.
Total Lies told here About Us Dollars...Dollar is the main Currency in World....all nations take loans and Trade with it in International Circles... INR is not that great any where outside
India...
It is low Value Currency compared to Leading currencies...Like Euro, Kuwait Dinar,Pound,Dollar....So where is this silly Logic leading to !
This same idea was on my mind for a long time..
I am really happy to see that at last someone also had this same way of thinking and it is nearly going to be a reality..
It will be a huge turning point for our Indias future..
Commerce student ho kya
India had the same system with the Soviet Union, as the Soviet was never connected to the Swift system, or any exploitative Western financial system. Imagine the US taking 5% of every transactions you made abroad.
India’s main supply of foreign currency reserve is exports and most of it is in US dollar. I don’t think that is going to change anytime soon.
Better to move slowly than to sleep
I am a science student. But this guy made the case study so easy. Hats off
Most people are so poor that all they have is money, invest some of it no matter how small, when you invest you are buying a day that you don't have to work.
Am looking for something to venture into on a short term basis, I have about 6k sitting in my savings, what do you think I should be buying?
@@kateann1536 crypto investment, but you will need a professional guide on that.
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@@andrewcleverly1322 thank you so much for sharing 🙏
Most of us including myself think government agencies are slow and old tech. With Recent events and information I see, I realise how wrong I was. Deep respect to all government service people for thinking about Bharath and making it strong.
Thank you think-school for enlightening us.
'we stand on our own ground ' - jayashankar ji
@statusBJP congress why not in power in India ? Answer
@statusBJP wait looks like jagan will fall
Most recent : finance minister says, "inflation and price hike do not affect the poor and common people in India"
I'm running away from her talks, too much of shit talks...
@statusBJP Because of communal politics of the opposition who ensured that the demographics change to suit their political needs. Get votes and keep the state poor is their mantra.
@statusBJP because people of ap think above religion unlike north indians
This will be a great move for our economy. I am studying in USA right now and I've noticed one major difference between them and us. Americans always take pride in their exclusivity. Whatever happens in the US, be it the shootings, abortion laws, their government bullying the world, the citizens are always driven to be their best 'American' version. And mind you, like us they're diverse too. We on the other hand keep playing safe as citizens, focus more on holding our money and literally fight with each other over stupid stuff. Our fights and agression are so intricate that our government will always find it tough to satisfy all.
I urge all the Indians to PLEASE start thinking as ONE unit and look at the bigger picture. I know we have drawbacks but we're a young independent country with a major growing influence on the world. We literally have to strive to be a better Indian at every freakin' step, be it by paying our taxes, inclusiveness of all the races and religions, not littering around, abiding by the traffic rules, respecting other's time and alot of the things that we as Indians can do to raise our standards of living.
Please fellow Indians raise your consciousness towards your home(country) and even the smallest move everyday keeping the betterment of our nation in mind will make A HUGE DIFFERENCE in the coming decade.
Think Global, promote local and bit by bit show the world who we are. All of us are in it together. Love.
Good one Vikhyat. 👍
To be honest, we're still United States of Bharat not just Bharat. That's one of the main problems
@@nc93-93 federal system must be removed. For this BJP must win all states.
@@Jaibheemmusalmaan Is India BJP Owned or Your Father's ?
@@Tale_of_meow any problem for you India strong Hoga to 🤔🤨🥺
I'm proud of India for standing up for their own people & interests. I'm really hoping that continued VOSTRO account popularity doesn't sour that relationship. As an American, I feel more love for India lol
This with the recent I2U2 meet. It will be interesting to see how things workout. India was largely known for IT services where it had high share in overseas revenue. But, in the last two years the chemical industries have undergone good capex cycles. Chemical industry is very important, it will be good to see how the export share in this sector will grow.
I feel we won't get benefitted from this due ruper dollar difference out IT industry is working if rupee come closer to dollar then whole industry be worthless.
West can't afford to sanctions india.
Reasons, west needs india to Counter China,
If west sanctions india , india will completely become anti west and will Activate RIC.
India will Activate BRICS currency
West is already suffering from sanctioning Russia, they can't afford to sanctions a country that's double the Economy of Russia.
I think pharma sector is the major one missing here.... I recently read somewhere in a newspaper Editorial that the Salts required in major medicines were once being manufactured in our country, until some previous mashups moved that entirely Dependent upon Chinese manufacturers. Pharma needs significant boost... It's a never ending profitable market
@statusBJP Hey man! Stop the politics!! Everytime you think, is it just politics? Come on dude! Get a life! See the world, there's a lot going on concerning to mankind
Rupee is constantly getting devalued against USD.
Hey anti national delete your comment 😆
@@binayakpanda8364 chup that's fact
@@sanjaykesare574 abe wo sarcasm me bola hai.
@@binayakpanda8364 policy is just applied and it will take time to restore value of rupee.
@@kushalthekingrapper2568 bru upi is good initiative it will remove the bully swift and master card that not means world will use indian rupee it will promote all kind of money all across the world and thats it
We had this system earlier also - Bilateral trade between India & USSR were executed and payments settled outside international trade and payment system. It was considered not so good due to the fact that it was a sort of barter system of trade, limiting factor being goods and services manufactured,etc within the two countries.
In effect, payments for imports were settled through receipts for exports. Near equilibrium in trade is an ideal requisite as there were only two Countries. Either country is on pressure to import even unwanted items to maintain nearly parity in trade. Free trade on the basis of necessities does not work due to non availability of desired items or excess availability of certain items not required for the other country. Also, the pattern of consumption and production is limited by the goods and services available in either country.
If India can convince many big trading countries to accept trade settlements through a Common Clearing system for payments, RBI's effort to challenge western pressure may succeed. One important dangerous catch is CHINA who can be expected to be a bigger bully than even USA.
We may have to be in both the present US/Europe lead system and another with Chinese hegemony. Though RBI/India may initiate the new system, once China joins it, more chaos are inevitable.
Jus check in which currency ussr and india do business ?? Neither india s nor russias .. its same country whose name my PM doesnt say , so I also wont..
I think having a counter to the swift system of currency valuation really makes business between countries easier
$XRP #XRP
Ikr Swift sucks anyways
@♜telegram@thethinkschool fake
We are a champion 🏆🥇 of UPI
OK and that's True ☺️
What about Cloud Services we solely depends on Western nations for this...😏😔
All IT Industries will depend on this
@@himanshuraj88 and upi frauds😁
It won't. It might supplement certain areas. For example in trade with BRICS. USD is more about stability that US economy offers. It has a very strong and robust impression around the globe. Rupee might grow strong but expecting it to replace USD hegemony is unrealistic.
India major imports is oil and major dollar debt comes of that sector. if india manages to trade in rupee just in Asia and Russia, dollar dependancy is almost over. And i guess this is just the beginning. This regime is a pure nationalist and no more a puppet of west ths moves suggest they demishing dollar dominance step by step.
Hi Johnny's desk, your work is great too.
This is really great news, about time! Well done India!
No one seems to be aware that this move was first proposed and used by Dr. Manmohan Singh to get oil from Iran. We only backed out due to American pressure during the signing of Indo-US Nuclear deal. But glad that the policy is being revisited. However, IMHO claiming that rupee will kill dollar is too exaggerated.
the same manmohan who told recently don't get away from dollar 😂😂😂
Rupee Rouble trade was already in vogue with erstwhile Soviet Union.It is not something new.
@@shubhamdubey9561 I trust this same Manmohan than the idotic BJP leaders
@@adhiljamal9350 off course you will not trust bjp because they don't wear skull cap and don't follow chuslam
@@adhiljamal9350 ,
India trusts Modi.
Too early to celebrate, lets see if this really works. Despite all the diplomacy and so called assertive stand at world forums the hard fact is that the Rupee continues to become weaker. What we need is action that generates results and not schemes that make just good stories. No intention of taking away the credit you deserve to produce this content, but its speculative chest thumping.
Well said
Rupee is not becoming weaker its dollar which is growing stronger.
@@neerajkumar-xj6ws does it make any difference.Parity is not maintained.In 1960 it was about 5 rupees to a dollar & 13 rupees to a pound sterling.
@@ramanathanvv7343 if the dollar becomes weaker, by proxy the rupee will become stronger, which this system will possibly make happen
@@narcotix2481 true to your name.Your logic is strange.
2 important questions -
1. The Russian rupee to INR exchange rate is determined by who?
2. By trading in INR what would russian banks do with that money if they have nothing to import from India? Saying this an example where some countries don't have anything to buy from some other countries
But the question is whether end user will get the benefits of reduced commodity prices or will the corporates pocket the change? I only have this concern in my mind right now since companies seldom reduce prices when their production costs go down.
Believe in free market. If there is some sector which is making too much profit, more companies will eventually get into that sector ultimately reducing the prices for consumers. Greed of corporations maintains the equilibrium automatically.
@@dreadfulbodyguard7288 how can you assume free markets, SMB are already doing bad due to to covid and GST horror, government selling national resources to plutocrats at cheap price, free market is not quite the right assumption here? Bik gayi hain gormint
@@brajat5538 World is changing very fast, SMB need to adapt and become more efficient or get into better professions.
Selling loss-making companies to private companies is a good thing. Govt's duty is to make rules to maintain fair competition between companies, not to run companies itself. Govt companies are inefficient by nature because of lack of incentives.
Free market and capitalism wins in long term because it makes everything more efficient. The more you resist it, more you'll be left behind.
As the time passes and I am looking at the world, more and more I understand how good we had it in Yugoslavia. Even we as a citizens had different currency deposit bank accounts. We had German, French, Italian... like all world currency available in our country... and yes, we had our central bank. But that give reason why the... so called... civil war happened in our country in 90tis... to break our bank system... Perhaps like many wars in the world... to take over the country's currency first and than to take over the land.
@A M US wins because it is most capitalistic nation. Even today, US is best place to register a company.
I think we're getting confused here rupee invoicing with its globalization. When US and Europe imposed sanctions on Iran same moves were followed. UCO bank was holding the accounts which is here mentioned as vostro account. The factor of currency risk is not considered here neither do the share of India in World Trade.
The newspaper mint article has explained it better. 85-90% of Indian trades have US dollar Invoicing. Indian economy is no way near to US economy.
If we do things in a better way we can.. Look at china it took time for them but sure they did it and will keep on growing.
Rupee value still worsening after this announcement in last 5 days. Other countries also oversmart asking to pay or trade in their currencies
Hmm … much needed and long way to go as rupee continues to fall against dollar this year alone from 74 to 82
Please stay in business case study. You're really admirable in this field. But very poor at promoting govt. To make rupee independent you need to be a net global exporter of service and goods. Otherwise this is childish
Net exporter will help in increasing the benefits of this decision. However, still India is expected to get huge benefits from this move as India will now be able to trade with countries like Iran, Venezuela and Russia. BTW these are sources of cheap crude oil and crude oil takes the largest chunk of our import bills. Moreover, this will help.India procure required military armaments from Russia once the war is over without direct involvement of USA as payment will be done using INR and Rubels.
Views bro Views...
Thanks Suman,we value your comments.
Bro just watch the video again I think you missed a big chunk of video 😅 cause US just can control India and other countries trade. Will not say much about it to you and if you don't like his geopolitics videos just don't watch them I and many others like to watch his geopolitics videos.
Perfectly said
Bro if u have added a point about China using its currency to trade with russia it would have been a good example that there are trades happening without swift between these 2 countries
Then yuan is stable, that is why it can be traded directly, while the INR keeps on depreciating.
bro u made us understand every nook and corner regarding this topic. I really overwhelmed by ur teaching skills.i do watch all ur videos...keep going
Exports need to increase significantly to increase the demand of rupees and increase its value around the world
@A M that also means export will be more from our country.
"KILL the US $ dominance?" 😆 I will take that as a clickbait, Indian largest trade partners are USA and China both will never use Indian system over $, China would rather create it's own considered we have -ve trade with them. This step will only help in trade with Russia that to temporarily until Ukraine crisis gets resolved.
Its just the beginning. If not usa or china some othe country will use
Thats the truth. But it's more being used by political parties and supporters to save their face while rupee is depreciating like anything
@@firebreatherboy you are going to harassed by the supporters from " particular party" For speaking facts.
Don't know about it being temporary but it is for sure Russian centric.
Even if it isn't a big success then it's ohk atleast it made us think and we have certain blueprints.
@@firebreatherboy No it's the most practical way right now until the Ukraine and Russian war ends.
Plus it leaves a certain room for experimentation where we don't have much to loose.
Please suggest some other reforms which is feasible.
Thanks so much for sharing s jaishankar's this particular dialogue
It's a massive one
He was absolutely to the point here
Europe really need to reflect on what it thinks about it's own problems in comparison to the world's problems
That only it's problems are the world's problems and not the vice versa isn't a right mindset
Our EAM was very brave here for having raised this issue
The same can be said for UK Usa too, India needs to tell these countries that it won't be bullied or pressured to follow thier guidelines
Great game plan... Now we are trading at 81.8...if you pull it to atleast 75 then you are right otherwise you are paid campaign
Think School used to be a good channel..now he is playing the part of Arnab Goswami in TH-cam.
This guy is just another godi
Bold Move to reduce the dependency on the West and EU! Hope the government makes New Bilateral ties with other governments reducing Dollar Burden inturn providing a lot of currency for development
When will this move get implemented??
Nope. We trade in dollars in order to avoid volatility in another currencies. Example Ruble decreased in value by 50% in Feb and then again doubled in value in March.
Same with Indian currency which decreased in value almost 20% this year.
@@sumanaella That is why dollar has a dominant position across the world trade. Trading in INR would reduce dollar position across thereby giving access to smaller countries to trade with ease in India.
@@atharvarajhans6587 Smaller countries would trade with India in INR only if our currency is stable. Indian currency value depreciated by about 15% this year.
Srilanka now can print Srilankan Rupee but no one will trade it because of its fluctuating value. Every country prefers dollar because of its stability. Even China maintains Trillions of Dollars to trade with it and to stabilise its currency.
@@sumanaella I agree brother that dollar is used because of the stability but thats how the matter has been for years. If now we liquidate dollar reserves of countries who use dollar to trade and convert it to INR reserves, that would increase the INR flow in market, which might make it stable which is right now lacking.
This method of trade has been earlier practised with Iran for buying crude oil and supplying other essential commodities to them when severe sanction was imposed on Iran few years back.
The first draw back was, still the exchange rate was fixed using USD as the base currency.
The second was the huge sum of INR accumulated by the IRAN bank's in India could not be used by them to procure commodities from other countries that they prefer to import.
I just love the way you deliver the content. It is comprehensible, smooth. Keep doing this and bring many more new topics to discuss on geopolitics. Thanks a lot.
The way India is tackling world problems and giving opportunity to those countries which US restrict in international trade 🌍 Thank you Ganesh Anna🙏
Just love the way when you say about the sponsor with more on in this at the end of the video so that you don't waste time and be on point.❤️
3 months have past. Requesting you to create a follow up video on how has this manifested so far?
Teach us a detailed video on how a middle Class person can identify the export opportunities from the world and cater the demand and also process of export and company information to make it happen
You are damn good at presenting and explaining, even the complex subjects man... Huge fan of yours... Keep rocking...🎊👍🏻
Yes he knows how to make fools happy
This guy explains it in a simpler and precise way, keep up the good work!
Happy to see India standing up and moving forward to take its rightful place in the world order
I think it's a good strategy by RBI. The RBI under BJP has done lots of work to improve india like UPI and less interest rate during pandamic. Indian rupee must gain importance again.
RBI 'under' BJP? Seriously?
Do you know work for upi was started way before current nda govt
@@rishabhdabral2017 you've read it obviously right. Under BJP itself..
@@rishabhdabral2017 don't underestimate Bjp political move... You have hidden layers for the big plan....
Bullshit news coming in local media is a filter... Try to look the actual bureaucrat changes happening in system... They are eye boggling...
Today's govt has the same guts of PV Rao master strategic policies and Vajpai guts in taking brave decisions...
India is moving dynamically faster than it was... Politics on hindutva is actual bullshit.... India shining is inevitable anytime...
@@Aspirant5111 just starting doesn't do much, implementing it is the biggest challenge which is done by no one but BJP, have guts to accept the truth
What. Kill the $ that too by RBI. Which has reserves primarily in $ and is a global reserve currency. Are you like living in an alternate universe.
Haha true, only after reading the title I knew this video was going to be complete BS. When OPEC and China aren't able to finish USD this guy thinks RBI will kill USD lol.
@@EdwinTyler also remember libya and iraq,thats what happens to puny countries who try to challenge dollar hegemonies
us doesn't produces all goods it acts like a broker, the broker can be changed if buyer and seller agree see the swift method
Such an nice and clean video.
Informative with no fuss.
And especially when you have started the sponsored content at the end.
This is how the videos should be.😊
Having a counter to the swift system of currency valuation really makes business between countries easier. By the way another well researched and insightful video. Looking forward to more such content.
My foot! This video to showcase all nonsensical and absured things like this. Kuch nahi hoga, Ganta milega. By the ignorance of Modi government, the Rupees has gone to docks, never to be retrieved. This video is nothing but bulls**t!
india’s share of global merchandise trade (by value) stands at 1.7% according to WTO numbers. perhaps india ought to work on this statistic first before dreaming of ending the dollar supremacy.
Absolutely correct!
It will take a few decades though.
When most countries start doing this, then automatically the US will start feeling the pressure. Especially when OIL is traded in native currencies, rather than trading in USD.
@@FeastIndiaCompany all the oil rich gulf currencies are pegged to the US$… so please tell me how your plan is going to work 😆😆😆
@@Kevin-fq3zh That is such a stupid question😂😂 it's not like the saudi oil wells have a divine machine attached where only dollars are fed India will pay in rupees and saudi will use the same rupees to buy grains, pharma and other commodities from India also it will be Iran and Russia we want to trade with and show the middle finger to sanctions
@@varun9213 just out of curiosity do you know the value is Saudi riyal is fixed in comparison to USD? And petrodollar system? Lol
I love your videos, but this one seemed to miss the mark. During 2020-2021, India had a trade deficit with Russia of about 3 billion dollars. If India is going to import more because it is getting good prices from Russia, that deficit is only going to grow (but in Indian Rupees, not in dollars). What would happen when Russia has a surplus of Indian Rupees in the Vostro Account and nothing to buy from India (the only place globally where that currency is accepted for trade)? It's going to dump those on the market for other currencies using which it can trade with other nations and pay for it's imports. Unless the RBI can absorb all of that conversion, it's going to weaken the Rupee.
russia's import of some agri and many other products limited by usa and europe .so indian companies like AMUL and many other have big chance to export to europe.so demand should indian production too. usa not produce much compared to its consumption.outsourced many things and it have huge trade deficits and only thing which sustains usa is PETRO DOLLARS.
China already has a SWIFT system which is an alternative to US system. Don't know how India will benifit from this system. Current RBI governor has masters degree in History. I am always sceptical about his decisions also today rupee touched ₹80 against dollar.
Please move out of the box and take the courage to talk about the downfall of value of Indian Rupees since 2014. It's hard to talk against the government but it's inevitable.
Amazing video and content.
Small Question - How will exchange rate be respected by India and respective countries in future ? We still need Dollar / Euro etc for that right ?
We can have a basket of stable currencies ( on the lines of SDR) which can be an exchange rate indicator rather than individual currencies which are susceptible to manipulation by the respective countries.
It's not going to kill dollar but sure it will increase our export lot 💪🇮🇳
@@parthjain1496 lol .. where r u guys living? .. India export is low bcz we need more resources 😴 we import more and sell domastic after export.
@@parthjain1496 ohh I don't know that .. that's why India building 22mm semiconductor factory.. and u can talk like u know everything.. keep talking
@@parthjain1496 and keep talking bcz other countries sent u raw material for semiconductor so u can easily made semiconductor.. lol .. india production 60k silicon it's consumer 1 million metric tons.. it is increasing every day.. so who is going to give u remaining? 🥴🥴🥴🥴
@@parthjain1496 Tamil la pesuda pani
@One Tricks s we are making one sun one world one grid.. renewable energy plan .. it may help us in coming years
I love how Wion and think school work in tandem ❤️. As a fan of both love to see the content in both forms
Don't You follow World affairs ( Prashant Dhawan)
This dude is brilliant!! So much easier for anyone to understand:)
Thankyou man
Thankyou so much for making such important case studies easy for understanding. These are really being so helpful for me to speak in my GDs. Best wishes to you and your family. Keep growing and make more such videos.😌🙏
when imports and exports moves unfavorably, the government may make changes to to exchange rate so as to control them. this in turn ends up affecting the stock market. Hence to become a profitable stock trader in india, you need to plan your trade ,trade your plan and “keep your losses to a minimum". I own a well diversified million figure asset allocation portfolio managed by my FA which enables me make easy trades, This has enabled me acquire large amount of high-quality dividend-paying stocks that gives me a solid base of passive income..
Investors should avoid picking stocks unless they are actually willing to research the company. If you listen to these TH-cam guys and chase big returns by investing in the latest hot stock, you're likely to overpay
I been trying to stick with index funds. I feel this new interest rates hikes could crash this economy. Nevertheless I'm in need of a good investment plan currently. The FED knows. They aren't committed to "attacking " inflation. They are going to continue to inflate, stocks and commodities will continue to go up with everything else.
@@chasleiter101 The stock market has it benefits and detriment, so you should be cautious with decisions. If you can manage the risk then you can take advantage of the stock market to secure your financial position and earn money. You should probably try algorithmic trading; copy the gurus, more so one with experience of the past bear markets. I copy a chartered financial analyst "Mary Freed Lorenz. I can tell you she's quite a genius in trading and portfolio diversification.
@@Circuit309 In my current scenario, I'm planning for retirement at 65 but my initial thought process was based on retiring early and living off that the rest of my life. have like $450k in a CD acct with a very low interest and plan on growing the bulk to over a million. I found her official webpage after looking up her name online. Quite impressed at her port folio. Do you give out your money in the process of copying her trades?
@@Circuit309 How can I contact this adviser of yours? because I'm seeking for a more effective investment approach particularly with regard to digital assets. BTW, do you give her your money?
did no one notice the emboldened lion of ashok chakra used in parliament which is part of the indian currency coincidentally also matched with the rbi making rupee international.. so was it for something else, rather than the domestic politics, it was for international stage
Nope!
You're reading too much into this lol.
@statusBJP South Indians don't vote for communal BJP
Yeah rupee is going strong 🤣🤣🤣... 1$ = ₹80 (approx). Before 2014 it was even higher, modi really worked hard to bring it to this level 😜. I like this guy's optimistic spirit. Unless thinking of people won't change, country won't change. Rise above religion, caste.
2014= 58.
2022=80
Well our trade, sanitation, infrastructure, water coverage etc has also increased a lot more than Congress era and ya due to covid and Russia Ukraine it has a great impact on the rupee as crude oil prices are so high
@@legendsgod3210 employment rate ....100 billion $ import from china .....holding mainy big protest in indian history....killing many people in riots of delhi 2020... corona failure ......demonitization failure......restricting critizing words from parliament like dictators 😂😂😂 wtf is going on dude ......get some nuts ...you fucking modi ke tatte 😂
Its due to war and pandemic
Every curruncy is loosing value
Even euro=dollar now
@@legendsgod3210 so you're saying before Russia Ukraine and covid petrol price was 50
The content is excellently curated and presented. High on quality, deep in thought provoking and attractive in occasional videos/graphics/articles of news. Full thumbs up and I'll do watch the entire Geopolitical series as I'm an Upsc aspirant and it will help me a lot in the expansion of my thought process and understanding of global politics. Keep it up and do always remember, authentic and quality content is what makes the difference.
Doing a great job brother! I truly believe that you are spreading critical information and knowledge that every Indian needs to know. Looking forward to other important videos.
His video is inaccurate... check this: th-cam.com/video/50esbigvxog/w-d-xo.html
Well it finally touched 80 rupees per dollar. Even when inflation in Europe and U.S.A are high.
@♜telegram@thethinkschool stop pretending to be offical think school handle.
Do a video on goerge Westinghouse. He transformed the railway and the Electricity industry and challenged Edison and JP Morgan while helping Tesla and keepin in mind of ethics and technological progress unlike other robber Barron's of the 19th century.
Still dollar is becoming costly day by day I converted 25000₹ on June got 317$ and this month I got 297$
From this video I understand that for World Peace it's important to challenge and diminish the dollar dominance in the global economy.
PETRO-DOLLAR💲 based economy is US's biggest strength and leverage, once it's shattered US is shattered
Thanks for an entertaining scenario. I think Rupee denominated trade is meaningful only with countries where India has significant USD denominated imports such as Russia, Saudi Arabia, Iran, Indonesia, Australia etc. ..if India entered into Rupee denominated trading with countries like Sri Lanka, Tanzania it is inconsequential for the USD and probably not good for India as these countries would now pay us in Rupees instead of USD for whatever little exports India can make to such countries...
having an alternative for swift will make business trades easier for other countries as well
Not that easy -- Direct confrontation with developed nation , although desirable , involves high risk .. Need to see how this will unfold . Need tp hard sell out position as " THIS ACTION IS PURELY FOR THE INTEREST OF OUR COUntRY ONLY "
Does the declining INR (vs USD) have an impact on newly adapted transaction system by RBI?
Masterstrokee.. Lmao
Yess when it's upto a certain scale lie about 15- 16 % of India's international trade payments, demand for INR would be much more and so it's value will rise exponentially.
If you think this one little move is going to kill the dollar, I am sad to say, you are so naive. Although I admire your understanding of business and to an extent, economics, your understanding of geopolitics is abysmal
Abysmal is exactly how I would describe this video. Shockingly poor understanding of economics as well. This move would hardly prevent the collapse of the rupee let alone challenging USD hegemony.
True, usually this guys videos have great content but the fact he actually believes RBI can kill USD is hilarious. US has completely destroyed middle east with invasions, toppling governments, installing puppet governments and with sanctions etc. US can go to any extent when it sees the slightest threat to USD. How effectively their government, army and CIA work together to bring down an entire nation they see as a threat is in fact scary. Even mighty OPEC and China haven't been able to scratch USD dominance and this guy thinks RBI will kill USD lol.
Basically its the aggregation of marginal gains which leads to success
I loved the simplicity and clarity of the video
Very nicely explained. Thanks for this video. Modiji is showing tough stand towards Sam Uncle, I am sure many of our Indians family in US won't like it! But surely a great move.. Jai Hind
its a good click bait title but let's not be delusional, Nothing can kill the dollar... Secretive Internal US policies will never allow that..... But it can be given a good competition through creative techniques...
But if the rupee is internationalised, US and China could stock pile a huge reserve of our currency, and they will then have the chance of disrupting our economy at any moment. This is the reason why China is not doing it. I only see this as temporary move to strengthen our currency. We don't really need to internationise the INR because we are only temporary exporters of the Russian oil. In the long run, this seems a bit far fetched. I might be missing out on a few points here, so will be open to genuine reasoning and suggestions.
Well this point is really Good .... What if they stock rupee ?
India needs to crank down on it's inflation rate if it wants to be the metric of exchange
We used to have this system when the Soviet Union was alive. That had helped India to industrialize with the help of the Soviet Union. However,Rajib Gandhi took advantage of that system by borrowing from Western Banks to buy Western weapons like Bofors gun, Westland helicopters etc. As a result, India went bankrupt in 1991 when the Soviet Union disappeared.
Well, we won Kargil war with Bofors. So it was not a decision like purchasing Rafaele?
And also India used the rouble crash in the 90s, to never pay back in full the loans it had with the Soviet Union. India, always exploiting others, even those who have helped them during hard times.
@@Abbyramrosy why is purchasing rafaele bad?
@@buck8266 wait till war with China to know whether it was good or bad. You know all actions should be judged by its results. Regarding your question, there is no clue in my response why it not a good decision. But the question is on it's execution. So the questions are already there. You only need to give a response.
In Simple terms Vostro Account is an account having by foreign bank in Indian Bank I.e."Their account in our bank" and Nostro means indian bank having account in foreign bank I.e "Our Account in Theirs Bank" SWIFT payments are done through nostro accounts
Fantastic move by India.Feel so proud to be an Indian . Great job by RBI and Modi government. Keep going
China has been pushing Yuan as alternative for global trade and already making payments to Australia and few others in Yuan instead of Dollars. Good that India has also started on that mission.
jaishankar's entry gave me goosebumps 🔥🔥🙏🙏
I'd love to see the day when, perhaps, some sort of Bitcoin stack of protocols is used to conduct such international transactions whether in inter-personal, corporate or transnational transactions.
lol.. kuch bhi? clickbait, sensational title to catch user attention and increase views.
But what's wrong with that?! Any sane person would do that, who doesn't want views?! Lol
True we are not killing everything we shouldn't overestimate everything ... Wait for results and we have seen fiascos of economic policies also ex. Demonetization
@@vishalprajapat9232 This channel is about educating, I thought it gives some really educated views and mainly NEUTRAL views, not biased to India to catch viewership. (If that is so, there is no difference between this channel and others who just blabbers to earn money from TH-cam)(thought this is one of a gem of channel without any biased views)
@@NSSVP Bro give the video a chance.The video might shed light on something which we don't know. Also they attach their research papers and study materials so the videos are never biased but based on facts which you can fact check. Not like other channels.
And as far as thumbnail is concerned every youtubers does that.Thumbnails are meant to be eye catching and click baiting till an extent .
I am pretty sure it won't be like they say rupee is killing dollar and then talk about how dollar is killing rupee
This is fabulous. I hope this get into effect ASAP. I could relate with swift examples because all Indian students when they have to send money abroad for their studies the middle exchange rate has to be taken care by students themselves thus paying an additional amount.
This idea of RBI is massively effective and effective plus time befitting results. I want our Indian banks to implement as soon as possible for better future investments.
Thank thank you for the explanation . I have studied literature , and i studied only very little economics .
I am happy for am happy
But our sebi is dumb, why the fcuk he keep bringing rules and making retailer traders can't trade. Margin was good. We all know our risk before entering market.
Modiji aisi toh kabhi atmanirbhat nahi banega india
ओ भाई, मतलब मज़ाक चल रहा है यहां
Even andhbhakt laughing in corner
Ok one suggestion for you :- Parody/Vines/comedy के लिए अलग channel बनाओ
मोदी भी शर्मा जाए यह क्लिकबेट टाइटल देख कर
😂🤣🤣
Rupee is not killing dollar.
To settle transactions between Russia and India, UAE darham were used.
*PM Modi has turned his attention towards industry reforms with demonetisation, GST, and the Insolvency and Bankruptcy Code (IBC). These were undertaken to reform corporate India and rid the country of crony capitalism. These reforms have drawn criticism from many, perhaps forgetting that demonetisation has broken the back of the black money class. The use of black money has reduced considerably. Long-term habits to deal in black money have been mostly converted into the default use of digital banking systems.*
_GST has been an outstanding success towards India’s move to reduce supply chain costs, which today account for 14% of GDP as against 6% in China and 5% in the US. Seventeen taxes were rolled into one, providing a uniform system for the first time in 70 years, and effective indirect taxes have reduced. In its first month, the system onboarded 56 lakh filers. For various reasons, GST has not shown buoyancy, but one can expect to see the effect in the future._
*Infrastructure development has been another significant push of the Modi government. Rural road connectivity, railways development, and construction of high-speed roads, ports and airports have taken off at a fast pace-all vital ingredients to increase India’s productivity and reduce supply chain costs.*
*Make-in-India, at commencement, was not a great success because it was cast in the traditional mould without a focus on the policy changes and incentives required. Subsequently, the Production Linked Incentive (PLI) scheme for large scale electronics proved successful-mobile manufacturing has risen multifold, making India an exporter. Merging PLI-like strategies with the Atmanirbhar Bharat Abhiyan push could make Make-in-India a success.*
*PM Modi’s next focus was health. Ayushman Bharat was launched to provide health insurance cover to the millions of uninsured in India; 12.6 crore e-cards have been issued, and 1.2 crore hospital admissions were managed through this scheme. The next frontier in health is the Bharat Health Stack, built on the India Stack architecture, which will further improve access and management of healthcare in India.*
*Other reforms that have the potential for sizeable economic impact have been in simplifying labour laws, incentivising and reclassifying MSMEs, especially with the guaranteed loan programmes, reduction in corporate tax rates, and deregulating the farm sector, which will empower farmers to double their income by 2022.*
The emphasis on employment needs better policies and focus, but it will certainly improve when the effects from these other reforms bear fruit.
During the Covid-19 pandemic and national lockdowns, PM Modi’s focus was on ensuring the lives and livelihoods of the bottom-of-the-pyramid. All the reforms and digital advancements made earlier are proving extremely useful in these difficult times. Rations and minimum income support were extended to 80 crore Indians, which wouldn’t have been possible without Digital India and India Stack. PM Modi’s housing programme has also been an outstanding success in bringing dignity to crores of Indians with pucca housing; 1.1 crore houses have been built, targeting a total of 2.95 crores by 2022. The return of migrants during the Covid-lockdown has accelerated this programme and enabled them to build a life in their hometowns. With this acceleration, the timeline to build a house has reduced from 120 days to a 45-60 day horizon.
*_At this rate, by 2022, all Indians will have access to basic necessities-housing, clean water, gas connections, bank accounts, internet and mobile connectivity, road access, and education-especially with the implementation of the National Education Policy 2020. For a population of 138 crore, these are remarkable achievements. PM Modi had a clear strategy to reach this point, unambiguous aspirations and a structured sequence of reforms and policies._*
Previous political regimes launched schemes like Garibi Hatao, which were unsuccessful because they focused more on politics and less on execution. PM Modi has inverted this paradigm, and personally monitors and reviews progress on the programmes. He leverages technology platforms wherever possible to ensure the programmes are executed as soon as possible. He sets clear priorities for himself and his government. He has not fallen victim to unnecessary politics. His foreign policy moves have made the Middle East friends of India, and the entire world looks more favourably on the country now. Standing up to hegemonic China, too, has improved our standing in the world.
*No prime minister has done as much for India’s development as PM Modi has in his eight years.*
kaha se script lyi h
bjp ko economics k e bi nahi ata aur na ayega unhe bs relegion ka basis pe devide aur thori bhot politics ati h bahi to sab demag aur har tarike se gadhe h #modi kutta
@@sehajpreetsingh5392 whatsapp university se. 99.3% of all 500 and 1000 rs notes in circulation were recovered by RBI. How did this break backbone of Black economy ?
@Gourab Modi is trying his best.
BJP led NDA is the best option that we have got today.
@@aniruddhadebnath2028 Yes for communal polarization and disharmony
Suggest reading the book "currency war" there is a lot at play here then just trade.
We are experience 4th phase of change on how we deal with the abstract concept of "Money"
Hopefully all countries don't end up in war situation. The trilogy won't end well for us.