In the last post, we seen the primary steps in improving indian currency value. In this post, we are going to discuss about secondary steps which looks simpler but effective:
- Gather our neighbours:
Yes, Pakistan- Sri lanka- Bangladesh - Nepal - Afghan. They all having less money value than INR. If they all started following Indian currency system as an Indian subcontinent. Then, Indian currency value get improved. More chances for the neighbors to strengthen their economic situation.
It is simpler idea to use common currency for Indian subcontinent. But, not easy to gather them follow INR as their currency.
- Idea similar to Euro:
European countries emerged with the idea of Euro. Why Asian country bring similar idea like euro. A common money for all asian country. It will be more useful and beneficial. We need few top contenders.
Singapore, Malaysia, China, Japan and India. (Korea is a good contender but not easy to get them in.) If these countries follow a common currency ( it should be new currency like Euro), then problem is almost over.
Even if 2 or 3 asian country ready to join the hands, then New Asian currency will challenge USD for sure. But these secondary steps are very lengthy and time taking process... surely give superb result.
Lets keep up our good hope :)