Indian Rupee becomes 4th international currency after Dollar, Pound & Euro- Viral Video on Internet

A video recently went popular on social media stating that the Indian rupee has replaced the dollar, pound, and euro as the fourth major world currency at the Doha, Qatar, currency exchange counter. In the video, foreign exchange provider Travelex, one of the top specialists in the market, can be seen in Qatar accepting Indian rupees, dollars, pounds, and euros. One of the six currency exchange shops that are spread out around the passenger terminal structure.

However, according to a post started by @rajkumar_raju, Travelex does not accept only four currencies, but also offers currency conversion in over 40 more currencies. Apart from India, he claims that Travelex supports the currencies of Nepal, Bangladesh, Sri Lanka, and Pakistan within the SAARC region.

Additionally, there were only four currencies in the stall structure due in large part to the large number of Indian workers who attract them.It should be mentioned that the Indian government, led by Prime Minister Narendra Modi, is attempting to make the Indian currency a worldwide currency. The Reserve Bank of India (RBI) recently allowed banks from 18 countries to open Special Vostro Rupee Accounts (SVRA) and settle payments in Indian rupees. Traders will now be able to import goods from other countries by paying in rupees.

The Indian rupee has been gaining in strength over the past few years, thanks to a number of factors including a stable political climate, a growing middle class, and a strong manufacturing sector. These factors have helped to boost the Indian economy and make it an attractive destination for foreign investors. The inclusion of the Indian rupee in the group of currencies used for settling trade transactions is a recognition of the strength of the Indian economy and its potential for growth.

Moving forward, the inclusion of the Indian rupee in the group of currencies used for settling trade transactions is likely to have a positive impact on the Indian economy. It will make it easier for Indian businesses to trade with other countries and will help to boost the country's exports. This, in turn, will help to create jobs and stimulate economic growth. Overall, the inclusion of the Indian rupee in this group of currencies is a positive development for the Indian economy and a sign of its growing importance on the global stage.

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