India Tries To Screw Russia On Rupee Conversion


 Here is something interesting. Because of the NATO sanctions Russia has been selling cheap oil to the Indians, sometimes up to a discount of 40% from the market prices.
Plus Russia has been accepting payment for the oil in Indian Rupees (instead of US Dollars). The Russians have been accumulating the Rupees from their oil sales to India in bank accounts maintained in Indian banks.
(The Indians in turn have been re-selling the Russian oil in the world markets at very high profits and they are getting paid in US Dollars. Very clever.)
Now when the Russians want to take out their accumulated Rupees from the Indian banks they are facing 'foreign currency conversion rate issues'. 
This issue sometimes arises where the direct conversion of the Indian Rupee to another currency like the Yuan (China is considered an enemy of India) raises some problems.  
Instead the Indians first calculate the value of the Russian owned Rupees into US Dollars and then calculate again the US Dollar value to the Yuan. There is a double calculation here. From Rupee to USD to Yuan. Instead of a direct conversion from Rupee to Yuan. The 'benchmark' currency is still the USD. 
The Russians will suffer some loss because they have to pay the 'conversion premium' twice. 
This double conversion sometimes happens when you want to change Ringgit (for example) into currencies that are not common in the international market (Rubles, Brazilian money etc). So the benchmark is often the US Dollar.
Or you can change your Ringgit into USD and then travel to Russia or Brazil and then change the USD into the local currency. You still suffer the double conversion risk.
Here is the Russian Foreign Minister Lavrov:

The views expressed are those of the writer and do not necessarily reflect those of MMKtT.
By Syed Akbar Ali 

Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2023/05/india-tries-to-screw-russia-on-rupee.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Mufti Besar Russia Anugerahkan Pingat Perpaduan Ummah Kepada Mat Sabu Rupanya Ini Yang Dia Buat Sebenarnya

Mufti Besar Russia Anugerahkan Pingat Perpaduan Ummah Kepada Mat Sabu Rupanya Ini Yang Dia Buat Sebenarnya

papar berkaitan - pada 17/5/2023 - jumlah : 173 hits
Mufti besar Russia anugerahkan 8216 Pingat Perpaduan Ummah 8217 kepada Mat Sabu rupanya ini yang dia buat sebenarnya Mohamad Sabu dianugerahkan Medal of Spiritual Unity YB Datuk Seri Haji Mohamad Bin Sabu Menteri Pertanian dan Keterjaminan ...
Berkerudung Ketika Bercuti Di India Jasmine Suraya Nafi Tukar Agama

Berkerudung Ketika Bercuti Di India Jasmine Suraya Nafi Tukar Agama

papar berkaitan - pada 27/4/2023 - jumlah : 386 hits
Pelakon dan juga pengacara Jasmine Suraya Chin menafikan spekulasi mengatakan dirinya menukar agama selepas memuat naik gambar dengan memakai pakaian tradisi masyarakat India serta berkerudung Susulan daripada itu Jasmine Suraya menjelaskan...
L Plan House By Khosla Associates In Bengaluru India

L Plan House By Khosla Associates In Bengaluru India

papar berkaitan - pada 27/4/2023 - jumlah : 184 hits
Project L Plan House Architects Khosla Associates Location Bengaluru India Photographs by Shamanth Patil J L Plan House by Khosla Associates Introducing the L Plan House a stunning residence designed by Khosla Associates in Bengaluru India ...
The Little Much Farm By Studio Lab In India

The Little Much Farm By Studio Lab In India

papar berkaitan - pada 1/5/2023 - jumlah : 197 hits
Project The Little Much Farm Architects Studio LAB Location India Area 8 000 sf Photographs by Photographix The Little Much Farm by Studio Lab The Little Much Farm is a contemporary dwelling located on a remote The post appeared first on
As Sahkan Ukraine Guna Patriot Tembak Jatuh Peluru Berpandu Russia

As Sahkan Ukraine Guna Patriot Tembak Jatuh Peluru Berpandu Russia

papar berkaitan - pada 11/5/2023 - jumlah : 103 hits
TENTERA Ukraine menembak jatuh peluru berpandu hipersonik Kinzhal milik Russia dengan menggunakan sistem pertahanan udara Patriot buatan Amerika Syarikat lapor agensi berita Anadolu memetik jurucakap Pentagon pada Selasa Saya boleh mengesah...
Tak Cukup Dengan Berperang Pemimpin Ukraine Russia Bertumbuk Pula Di Ankara

Tak Cukup Dengan Berperang Pemimpin Ukraine Russia Bertumbuk Pula Di Ankara

papar berkaitan - pada 6/5/2023 - jumlah : 244 hits
ANKARA Turkiye Pergelutan antara tokoh politik Ukraine dan Russia tercetus semasa sidang kemuncak di Turkiye selepas ucapan perwakilan Moscow diganggu oleh delegasi Kiev lapor portal berita Daily Star semalam Pergaduhan bermula pada Sidang ...
Kl Shariah Lawyers Apply To Intervene In Unilateral Conversion Suit

Kl Shariah Lawyers Apply To Intervene In Unilateral Conversion Suit

papar berkaitan - pada 3/5/2023 - jumlah : 105 hits
M Indira Gandhi who was involved in an interfaith custody battle is among 14 plaintiffs seeking to nullify state laws allowing the conversion of children into Islam without the consent of both parents KUALA LUMPUR The Kuala Lumpur Shariah L...
Maiwp Seeks To Safeguard Muslim Parents Rights Over Conversion

Maiwp Seeks To Safeguard Muslim Parents Rights Over Conversion

papar berkaitan - pada 9/5/2023 - jumlah : 246 hits
The Federal Territory Islamic Religious Council has filed to intervene in a civil court challenge against eight states unilateral conversion laws to safeguard the rights of Muslim parents who validly converted their children into the faith ...
Constitutional Validity Of Unilateral Conversion Not Religious Status

Constitutional Validity Of Unilateral Conversion Not Religious Status

papar berkaitan - pada 13/5/2023 - jumlah : 144 hits
The learned judge in dismissing the application of Loh seems to have missed the point of unilateral conversion It is not so much about whether the children were practising Muslims or not but whether the children can be converted unilaterall...
Anwar Slams Hypocritical Criticism Over His Response To Najib S Apology

A Sucker Punch For Rm1 000 What S The Value Of Dignity In Malaysia

Makan Malam Tiga Beranak Di Adam Kitchen

Rakyat Malaysia Jadi Tentera Upahan Di Ukraine Dipercayai Masih Hidup Kpn

Tan Sri Vincent Tan Dan U Mobile

Sabah Air Belum Mohon Lesen Perkhidmatan Udara Kata Menteri Pengangkutan

Malaysia Singapore To Jointly Nominate Chingay For Unesco List

Empat Sekawan Dipenjara Tiga Tahun Culik Budak Perempuan


echo '';
Biodata Terkini Penyanyi Illa Sabry Peserta Gegar Vaganza 2024 Musim 11 GV11

Info Dan Sinopsis Drama Berepisod Senyawa iQIYI Malaysia

Info Dan Sinopsis Drama Berepisod Project Projek Exit Astro Originals

Pelajari Asal Usul Nama Makhluk Seram Kisah Fiksyen Barat Yang Terkenal

10 Fakta Filem Kahar Kapla High Council Yang Ramai Tak Tahu Prekuel Drama Project Projek High Council


Lebai Beri Nama Isteri Penerima Zakat

Jarang Jarang Dapat Bergambar Dengan Pemimpi Nabi

Apa Itu Malaysian Dream

Sabah Lanjut Kontrak Kim Swee

Dapatkan Rawatan Estetik Kulit Bagi Hilangkan Melasma Jeragat Di Klinik Dr Bazilah

Tv Samsung Rosak Tamat Tempoh Hayat