Thursday, April 16, 2009

Slumdog and Currency in India

India wants its own currency symbol.

The rupee is indeed a strong currency but, if China doesn't even have a standardized keyboard and the euro sign isn't yet really universal, what chance does the rupee really have of making it as a globally recognized symbol?

However, the development of a common market (Sri Lanka, Nepal, adn Pakistan) would certainly help; bringing together more than a billion people using the same currency in a volatile region which would ultimately lead to promoting freer trader within South Asia.