Viewing a single comment thread. View all comments

brinz1 t1_je0rxmm wrote

Reply to comment by [deleted] in Rupee races to replace dollar: Egypt latest entrant to club of countries wanting to trade in INR by CoolestGuyOnSaturn

That's about 3% of their government's budget.

It's a sweetener for US diplomacy, but it's not leverage

7

yyzbored t1_je1n8vp wrote

1000 billion = 1 trillion

1.5 billion is 0.3% of the budget, not 3%

3

brinz1 t1_je1ptqe wrote

I misread the numbers, but that's an even bigger ratio that supports what I said

0