Whalesbook
Local Currency Trade: Dollar ko bye bye?
Yaar, ab scene ye hai ki India aur Kenya ne decide kar liya hai ki jo bhi business hoga na, woh U.S. dollar mein nahi hoga. Apne apne local currencies mein settlement hogi. Basically, global level par dollar ka reliance kam karne ka trend chal raha hai, aur India bhi iss mein peeche nahi rehna chahta.
Is deal se India ko apni financial technology, jaise ki Special Rupee Vostro Accounts (SRVAs), ko export karne ka mauka milega. Aur kya pata, future mein hum African countries mein bhi Indian Rupee ko trade karte dekhein!
Aur haan, inka bilateral trade toh waise bhi kaafi badh raha hai. 2025-26 tak yeh $4.31 billion tak pahunch gaya hai, jo ki 24.91% ka jump hai. So, local currency settlement try karne ka ye sahi time hai.
UPI Ka Jalwa Ab Kenya Mein Bhi?
Sirf currency hi nahi, digital payments mein bhi partnership hogi. India apni super successful UPI technology ko Kenya mein promote karne wala hai. Socho, jaise India mein UPI se payment easily ho jati hai, waise hi Kenya mein bhi ho sakti hai! Yeh unke mobile money leader M-Pesa ke saath integrate ho sakta hai.
Yeh ek tarah ki digital diplomacy hai, jisse India Africa mein apna influence badha raha hai. African Continental Free Trade Area (AfCFTA) bhi isse boost ho sakta hai.
Kya Sab Kuch Aasan Hoga?
Lekin haan, sab kuch itna bhi easy nahi hai. Local currency mein trade karne mein kuch hurdles aa sakte hain, jaise funds ki availability aur exchange rates mein gadbad. India ne bhi dekha hai ki kabhi kabhi Rupee account mein paisa jama ho jata hai jo use karna mushkil hota hai.
Aur dollar ki global power bhi kam nahi hai. Toh de-dollarization ek slow process hai, ekdum se dollar khatam nahi hoga.
Trade Badh Raha Hai!
Anyways, India aur Kenya ke beech trade 24.91% badh kar $4.31 billion ho gaya hai 2025-26 mein. Engineering, pharma, agriculture jaise sectors mein growth dikh rahi hai. Ye partnership India ke liye Africa mein ek important step hai.