BILATERAL TRADE IN NATIONAL CURRENCY WHERE THE BALANCE OF TRADE IS IN FAVOUR OF BOTH WITH MINIMAL GAP IS EXTREMELY BENEFICIAL TO BOTH NATIONS
BILATERAL TRADE IN NATIONAL CURRENCY WHERE THE BALANCE OF TRADE IS IN FAVOUR OF BOTH WITH MINIMAL GAP IS EXTREMELY BENEFICIAL TO BOTH NATIONS Dear Readers, Where, in between two Nations the Balance of Trade is in favour of both with minimal gap, trading in National Currencies is extremely beneficial to both Nations. Because, when a 3rd Currency as the Foreign Currency to both, may be even if it is the commonly preferred currency for international trade, it can cut across any one side or both sides under various circumstances of both the nations involved in the trade, which can make a great disadvantage of cost to anyone or either side of the both. While Trading in National Currencies of both, there can be cost advantages in various ways, to accommodate each other and have a thriving bilateral trade distinctly advantageous when compared to other 3rd Party Nations. India and Russia have been partners in Bilateral Trading in National Currencies, for a very long time. I do have some exp