Real story of American Dollar v/s Indian Rupee
An Advice to all who are worrying about fall of Ind
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
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...
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