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CBDC - Can RBI make a big leap into the future with digital currencies?
Capitalmind Podcast
China and India Have a Deficit
All of the others are company our countries with a current account surplus. That means they export more than they import. But india has a consistently large deficit. So you can only trade in a currency of a country that has a deficit. What if it was the other way round, like in china? Now, china, we sell, we have to buy from ch China. When we buy from china, let us say they ask us to pay in you andrand minme. And we go to t them and say, well, how am i going to get you anran minbi? You don't import anything from me. You just i export. I import from
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