3 ms·

russia tried that for a while, then realized they dont know what to do with rupees. Even more hilariously India tried paying for russian oil with UAE Dirhams ht

• andreygrehov 3y ago
  > Russia [...] realized they dont know what to do [...] Sounds like a media propaganda. I think Russia knows exactly what to do.
  • KRAKRISMOTT 3y ago
    If your currency is not universal, then you have to produce stuff that people wants. India may not necessarily export enough to Russia for them to justify holding so much rupees.
    • rhaway84773 3y ago
      UAE may actually be a decent fit because of the Indian labor it imports. A lot of Dirhams are converted to Rupees as laborers send the money back to India, so this could help reduce costs for the workers, companies and the UAE.
• unmole 3y ago
  Unlike Russia, India and UAE have strong economic ties. Considering the Emirates imported ~30 Billion dollars worth of goods from India last year, it's quite clear what they can use the rupees for. Fun fact: Until 1966, the Indian rupee was the official currency of the UAE: https://en.wikipedia.org/wiki/Gulf_rupee https://en.wikipedia.org/wiki/Gulf_rupee
  • ufifucucu 3y ago
    [dead]