Discover and read the best of Twitter Threads about #nostro
Most recents (2)
#Rupee has fallen far lower Vs #Dollar,comparatively👇
Euro,2 days ago,went below $1 for 1st time in 20yrs,reflecting big weakness in #Euro
Rupee,displaying strength,has risen big time against Euro,Pound &Yenđź’Ş
So #Madarsa dentists from Congress should stop lecturing on Rupee
Euro,2 days ago,went below $1 for 1st time in 20yrs,reflecting big weakness in #Euro
Rupee,displaying strength,has risen big time against Euro,Pound &Yenđź’Ş
So #Madarsa dentists from Congress should stop lecturing on Rupee
@narendramodi govt in a landmark measure has allowed international trade settlement in #Rupees
Explained👇
When countries import&export goods&services,they have to make payments in foreign currency
Since US Dollar is world’s reserve currency,most trades are entered into in USD
Explained👇
When countries import&export goods&services,they have to make payments in foreign currency
Since US Dollar is world’s reserve currency,most trades are entered into in USD
Here,both parties involved have to incur conversion expenses&bear risk of foreign exchange rate fluctuations
This is where trade settlement in Rupee comes in-instead of paying &receiving US Dollars,invoice will be made in Indian Rupees if counterparty has #Rupee Vostro account
This is where trade settlement in Rupee comes in-instead of paying &receiving US Dollars,invoice will be made in Indian Rupees if counterparty has #Rupee Vostro account
1/12
My take on the #XRP price explained.
@Kevin_Cage_ @WorkingMoney589 @thebearablebull @BakkupBradley @MoonLamboio @XrpMr @jungleincxrp @HamEggsnSam @digitalassetbuy @LoveForCrypto17 I would love to get your opinion and feedback on this:
My take on the #XRP price explained.
@Kevin_Cage_ @WorkingMoney589 @thebearablebull @BakkupBradley @MoonLamboio @XrpMr @jungleincxrp @HamEggsnSam @digitalassetbuy @LoveForCrypto17 I would love to get your opinion and feedback on this:
2/12
So many people are fixated on the price of #XRP and don't understand why it is not rising. I am going to try and explain what I believe to be true in a way that can be understood by people who know absolutely nothing about finance.
So many people are fixated on the price of #XRP and don't understand why it is not rising. I am going to try and explain what I believe to be true in a way that can be understood by people who know absolutely nothing about finance.
3/12
Visualise the economy as a massive car engine, and #XRP as the oil that lubricates the whole system. Taking away all the friction and making sure everything runs smoothly.
Visualise the economy as a massive car engine, and #XRP as the oil that lubricates the whole system. Taking away all the friction and making sure everything runs smoothly.
