Mika Singh makes use of Indian foreign exchange in Doha, thanks PM Modi

On twelfth April 2023, singer Mika Singh posted a video from his Twitter cope with by which he thanked PM Narendra Modi for enabling transactions throughout the Indian foreign exchange on the Doha airport in Qatar. Mika Singh made this video in a retailer on the Doha airport.

Mika Singh wrote, “Good morning. I felt so proud to be able to use Indian rupees whilst shopping at the Doha airport in the Louis Vuitton store. You can even use rupees in any restaurant. Isn’t that wonderful? A massive salute to Narendra Modi for enabling us to use our money like dollars.”

Good morning.
I felt so proud to have the power to make use of Indian rupees whereas shopping for at #Dohaairport throughout the @LouisVuitton retailer. You could even use rupees in any restaurant.. Isn’t that nice? An huge salute to @narendramodi saab for enabling us to utilize our money like {{dollars}}. pic.twitter.com/huhKR2TjU6

— King Mika Singh (@MikaSingh) April 12, 2023

In the video linked, he acknowledged, “Hello, I am in Doha right now. And it is a very proud moment that using the Indian currency, we can shop. You can buy the things you want by using Indian currency. Thanks to Modi Ji. Salute to you. Because of you, this Indian currency will be accepted in the whole world, like it is accepted in Qatar.”

This is simply not the one event when Indians visiting abroad worldwide areas have shared on social media regarding the Indian foreign exchange being accepted for transactions abroad. One Arun Deshpande has moreover shared it from his Twitter cope with on fifth April 2023. He wrote, “Payment in Indian rupees for coffee at Dubai airport. Did we ever think we would see this day when Indian rupees are used in regular shops in other countries? Modi hai to mumkin hai”

Payment in Indian rupees for espresso at Dubai airport. Did we ever thought we’d see this present day when Indian rupees are utilized in frequent retailers in numerous worldwide areas? 🙂#ModiHaiTohMumkinHai @ParasKGhelaanii @nrajabpcla @SortedEagle @sureshseshadri1 @Anandi_sanatani @MLDhar4 pic.twitter.com/0AtOam7fWd

— Arun Deshpande 🇮🇳 75🇮🇳 (@ArunDeshpande20) April 5, 2023

In this publish, Arun Deshpande shared the Facebook internet web page of 1 Vynateya Iyengar who wrote about his experience of using the Indian foreign exchange on the Dubai airport as he was returning to Bangalore.

Indian rupees are accepted for transactions at airport terminals throughout the Gulf worldwide areas since 2019. In July 2019, Gulf News reported that duty-free retailers the least bit three terminals of Dubai International Airport and at Al Maktoum Airport had started accepting the Indian rupee. Before that, Indians had been required to remodel the rupee into Dollar, Dirham or Euro to do shopping for at Dubai’s duty-free retailers. Doha airport in Quatar started accepting the rupee since ultimate 12 months, ensuing throughout the good experience by Mika Singh.

It is notable that in March 2023, the Reserve Bank of India (RBI) gave permission to banks from 18 worldwide areas to open Special Vostro Rupee Accounts (SVRA) and use Indian rupees to settle funds. The 18 worldwide areas are Fiji, Botswana, Guyana, Germany, Kenya, Israel, Malaysia, Mauritius, Myanmar, New Zealand, Oman, Russia, Seychelles, Singapore, Sri Lanka, Tanzania, Uganda and the United Kingdom. The banks from these worldwide areas working the world over can now use Indian foreign exchange for transactions immediately. This is why many Indians who journey to abroad worldwide areas have started sharing their experience of using Indian rupees abroad.

The authorities moreover provided this information throughout the parliament. In reply to a query, Union Minister of State for Finance Bhagwat Karad remarked that banks from these 18 worldwide areas ought to technique authorised provider banks in India, which is ready to search authorization from the RBI to create such an account following the proper course of.

The alternative was made in the direction of the backdrop of the commodities catastrophe that adopted the commencement of the Ukraine battle. Local foreign exchange commerce has been proposed as a remedy to wartime sanctions.