In today’s era of liberalization, many types of reforms and changes are being given priority in terms of convenience in international trade. Every nation is bound for this and is also working promptly in this direction. The government of our country has also focused on this. As a result, the central bank of the nation is ready to conduct a thorough review of the possibilities for trading in rupees. Our country needs more dollars for international payments because our country’s imports are more than exports. In this situation, the huge burden of the Government of India’s international payment obligation increases a lot. For which the government of the country issues instructions to the central bank of the country to control it.
According to statistics, about 86 percent of our country’s international trade is done in dollars. To solve this situation, the possibilities of doing India’s international trade in Indian currency rupees are being explored. When India was a closed economy, foreign exchange was scarce. In this situation, the Government of India had made rupee-ruble
agreement with the government of the then Soviet Russia, through which it was facilitated in the import of goods for technology and basic needs in the development of the country. This was possible because the then Soviet government was working with a policy to benefit India’s interests. At present the circumstances have changed. In the changing times, Russia and China have presented an example to us that the economy can be run even without the dollar.
From this it can be imagined that the economic game of the world will change as soon as the international trade system in rupee becomes successful. The most important objective of this system is not to reduce the importance of any international currency, but to make a beginning to improve the Indian rupee in the international market. It is the need of the hour that the Indian and international markets keep more open options to each other and make the rupee more liberal in relation to different types of financial instruments. This system will prove helpful in strengthening the Indian banking sector from a new perspective. Since the importance of currency exchange
operation system has been described through the topic described for new thinking, new strategy. In which the Indian banking system will have a huge contribution.
Most of the countries of Europe and Asia are trying to establish peace in the whole world. Whereas in described for new thinking, new strategy, such a principle has been presented which will prove to be helpful in establishing peace in the whole world. Through this new system, economically weak nations can be benefited by alliance with strong nations. New resource of employment can be made available for the purpose of profit. Under this subject, the provision of currency exchange operation system has been adjusted for the economically strong nation in the alliance of two nations. Countries interested in the research and development program of the mentioned topic for new thinking, new strategy will have to compulsorily contribute their share in improving the Indian currency rupee. In this situation trading in Indian currency Rupees can also be accepted.
So that help can be obtained in the currency exchange operation system in India.
Statutory Note
This whole plan has been carefully prepared under a new thinking, a new strategy. Even after this, if any kind of error and defect is found in the research and development operation of the subject, then there will be no responsibility of any kind on the subject creator, blogger website and people related to this topic.Along with this, if any person does the experimental work to be done in research and development operation from his level, then after that if any kind of physical and mental damage occurs to that person, then there will be no responsibility of any kind. Subject creator, blogger website and people related to this topic will not have.
