Summary
This can help places that do not have enough strong foreign money to buy needed items.
The Finance Minister explained the plan at the International Monetary Fund and World Bank yearly meeting.
Key Points
3 points1
Promote trade settlements in Indian rupee.
2
Assist nations facing shortages of strong foreign money.
3
Aim to keep essential goods flowing despite money challenges.
New Words to Learn
5 wordsrupee
India's national currency
settlement
the final step of paying for a trade deal
hard currency
money that is widely accepted around the world, like dollars
bilateral
involving two countries
multilateral
involving many countries
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