Rediff.com |  Feedback  
You are here: » Rediff Home » Discussion Boards » Permalink
  
View : Single Message | Complete Thread | Read complete Discussion
Re: Indian and Nobel
by Jaichand on Sep 24, 2008 08:17 PM


No one cares rats ass for Indian Rupee outside India, US dollar is accepted worldwide as a legal tender and reserve currency with 67% worldwide foreign exchange reserves held by major exporter countries.

US dont have to keep foreign exchange reserves since their own currency is the reserve currency of the world , a feat unmatched by any other country.

Lots of buggers will say Euro, but Europe lacks military might of USA and no one will risk a weaker power's currency to keep their reserves.

And to make payments, US simply prints dollar notes ! Its as easy for them.

Americans dont have to work like dogs into odd hours in an outsourcing industry for 14 hours to bring in foreign exchanges.

    Forward  |  Report abuse
The above message is part of the Discussion Board:
http://specials.rediff.com/money/2008/sep/24slde1.htm