American dollar vs Indian rupee
Real story of American Dollar v/s Indian Rupee
An Advice to all who are worrying about fall of Ind ian Rupee
Throughout the country please stop using cars exce pt for emergency for only seven days (Just 7 days)
Definitely Dollar rate will come down. This is tru
e. The value to dollar is given by petrol only.Thi s is called Derivative Trading. America has stoppe d valuing its Dollar with Gold 70 years ago.
Americans understood that Petrol is equally valuab le as Gold so they made Agreement with all the Mid dle East countries to sell petrol in Dollars only.
That is why Americans print their Dollar as legal tender for debts. This mean if you don't like the ir American Dollar and go to their Governor and as k for repayment in form of Gold,as in India they w on't give you Gold.
You observe Indian Rupee, " I promise to pay the b earer..." is clearly printed along with the signat ure of Reserve Bank Governor. This mean, if you do n't like Indian Rupee and ask for repayment,Reserv e Bank of India will pay you back an equal value o f gold.(Actually there may be minor differences in the Transaction dealing rules, but for easy compr ehension I am explaining this)
Let us see an example. Indian petroleum minister g oes to Middle East country to purchase petrol, the
Middle East petrol bunk people will say that lite r petrol is one Dollar.
But Indians won't have dollars. They have Indian R upees. So what to do now? So That Indian Minister will ask America to give Dollars. American Federal
Reserve will take a white paper , print Dollars o n it and give it to the Indian Minister. Like this we get dollars , pay it to petrol bunks and buy p etrol. But there is a fraud here. If you change your mind
and want to give back the Dollars to America we c an't demand them to pay Gold in return for the Dol lars. They will say " Have we promised to return s omething back to you? Haven't you checked the Doll ar ? We clearly printed on the Dollar that
An Advice to all who are worrying about fall of Ind ian Rupee
Throughout the country please stop using cars exce pt for emergency for only seven days (Just 7 days)
Definitely Dollar rate will come down. This is tru
e. The value to dollar is given by petrol only.Thi s is called Derivative Trading. America has stoppe d valuing its Dollar with Gold 70 years ago.
Americans understood that Petrol is equally valuab le as Gold so they made Agreement with all the Mid dle East countries to sell petrol in Dollars only.
That is why Americans print their Dollar as legal tender for debts. This mean if you don't like the ir American Dollar and go to their Governor and as k for repayment in form of Gold,as in India they w on't give you Gold.
You observe Indian Rupee, " I promise to pay the b earer..." is clearly printed along with the signat ure of Reserve Bank Governor. This mean, if you do n't like Indian Rupee and ask for repayment,Reserv e Bank of India will pay you back an equal value o f gold.(Actually there may be minor differences in the Transaction dealing rules, but for easy compr ehension I am explaining this)
Let us see an example. Indian petroleum minister g oes to Middle East country to purchase petrol, the
Middle East petrol bunk people will say that lite r petrol is one Dollar.
But Indians won't have dollars. They have Indian R upees. So what to do now? So That Indian Minister will ask America to give Dollars. American Federal
Reserve will take a white paper , print Dollars o n it and give it to the Indian Minister. Like this we get dollars , pay it to petrol bunks and buy p etrol. But there is a fraud here. If you change your mind
and want to give back the Dollars to America we c an't demand them to pay Gold in return for the Dol lars. They will say " Have we promised to return s omething back to you? Haven't you checked the Doll ar ? We clearly printed on the Dollar that