Good move from India

[Deleted member 923340]

I noticed Indian folks here share some "statue" news. But not this.

https://www.khaleejtimes.com/busine...SjokeqI5n7XCxK1WQEXiD6DbLT0r9cO5mFI5_hjzTHIG8

This is a great move from the Indian government to strengthen their currency.

Same thing happened with Pakistan and China a month ago.
https://www.thenews.com.pk/latest/3...gree-to-trade-in-rupee-yuan-instead-of-dollar

If other countries start to follow this trend, the US dollar will lose its strength quickly.

 

[Viral Virus]

the US dollar will lose its strength quickly.

is it ??????

 

[paul david]

Is it possible? I don't think so

 

[Deleted member 923340]

the US dollar will lose its strength quickly.

is it ??????

Is it possible? I don't think so

relatively. yes.

China - 2nd largest economy
India - 6th largest economy

US is still the first. USD is the global currency now, supply and demand move the currency value.

If the demand for US dollars goes down (this happens when these economic giants start to use local currencies for trades instead of USD), the currency strength of USD will go down.

Edit: A good article from forbes, has some counter arguments too.
https://www.forbes.com/sites/charle...hina-trying-to-kill-king-dollar/#3c0ba74a7948

 

[Iwanttowin]

Bad for Indian freelancers, Getting paid in dollars will now ghost them.

 

[PixelMathis]

its strength quickly.

Not so quickly I'm afraid - https://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=INR

 

[Deleted member 923340]

Not so quickly I'm afraid - https://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=INR

It won't happen overnight man

 

[HoNeYBiRD]

the US dollar will lose its strength quickly.

Which would be bad when you earn in dollars and spend it in a different currency, which most non-US people do in IM, at least those who work for US companies or have US clients.

 

[Deleted member 923340]

Which would be bad when you earn in dollars and spend it in a different currency, which most non-US people do in IM, at least those who work for US companies or have US clients.

Yes, bad for us internet marketers

 

[Kendoka]

I'm not so sure of this. But after all, 2019 will be a tough year for all of the world.

 

[Viral Virus]

it takes lots of time

 

[TheVigilante]

Don't want this to happen due to the US dollars we are paid in but still let's see!

 

[Extruser]

it takes lots of time

Unfortunately not.
It's already happening.
Freelancers will switch to crypto soon enough too.

 

[Sristy]

That's a good move by the indian government..

 

[MerchantSolutions]

Doesn't sound to fun :S

 

[PixelMathis]

It won't happen overnight man

Sure, it won't but we've been hearing from experts how USD will "die off" within a few years due to a BRICS etc. Nothing has happened so far except for Indian currency becoming toilet paper.

 

[Deleted member 923340]

Indian currency becoming toilet paper.

You provide much-needed negativity around here at blackhatworld. Thank you for your service.

 

[Deleted member 719276]

Thenkel for informatione now me sleep with dogs and feel warm and cozy.

 

[PixelMathis]

You provide much-needed negativity around here at blackhatworld. Thank you for your service.

Pretty sure you don't live in India. The Indian here legit feels like holding toilet paper and is the worst performer in entire Asia. There are a lot of factors at here power dynamics etc which means US Dollar isn't going anywhere and will continue to hold considerable value in the foreseeable future.

 

[MgicalaEarner]

Sounds not good to me bad for us if $ will be go down ;(