brinz1
brinz1 t1_je0rxmm wrote
Reply to comment by [deleted] in Rupee races to replace dollar: Egypt latest entrant to club of countries wanting to trade in INR by CoolestGuyOnSaturn
That's about 3% of their government's budget.
It's a sweetener for US diplomacy, but it's not leverage
brinz1 t1_je1ptqe wrote
Reply to comment by yyzbored in Rupee races to replace dollar: Egypt latest entrant to club of countries wanting to trade in INR by CoolestGuyOnSaturn
I misread the numbers, but that's an even bigger ratio that supports what I said