#ConceptofNostro

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In this video Sanjay Saraf Sir discusses the actions of the US wherein they seized huge amount of Foreign Reserves of Russia while in the Russia-Ukraine War. He explains why dedollarization in the global economy is important as it will decrease the dependency on Dollar and will help in economic growth of other countries by giving example of opening Vostro, Nostro & LORO Accounts in one-another countries so that there can be democratization around the world where a single country cannot exploit other countries due to it's currency being the trade currency.

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