Iran and Russia allowed, not Indians.

"India will be looking to push the rupee trade agenda in the G20 meetings it is organising as part of its ongoing presidency of the forum, a senior bureaucrat said." ET. "Commerce Secretary Sunil Barthwal said rupee trade will be of help, especially with those countries whose currencies are under pressure." That is what the European Union suggested "During the third round of India-eu FTA (free trade agreement) talks held between 28 November and 9 December, the EU proposed a chapter on capital movements, payments and transfers; however, the Indian side sought views on its purpose and scope, given that it would exceed India's World Trade Organization commitments." pressreader. We are asking for countries to trade in rupees but recoil in horror if they want to convert it to other currencies. Indian citizens within India cannot lend or borrow more than Rs 20,000 in cash and cannot withdraw more than Rs 200,000 of their own money from banks. DNA. Spending more than Rs 100,000 on a credit card can trigger an investigation. Indians cannot carry more than Rs 25,000 or $3,000 in cash when traveling abroad. TOI. Strangely, those traveling to Iraq and Syria can carry up to $5,000 per visit, and, even more strangely, those traveling to "Islamic Republic of Iran, Russian Federation and other Republics of Commonwealth of Independent States can draw entire foreign exchange (up-to USD 250,000) in the form of foreign currency notes or coins." The US has imposed sanctions on both Iran and Russia, and USD stands for US dollars. In 2017, economist Ruth Judson estimated that about $900 billion or 60% of US currency notes and 70% of all $100 bills are held overseas. bullionstar.com. "Economists are lowering their forecasts for India's current account shortfall." ET. "Barclays Plc expects the gap in current account - the broadest measure of trade in goods and services - to be 1.9% of gross domestic product in the year starting April 1, down from 2.3% it had estimated earlier. Citigroup Inc slashed its forecast even further to 1.4% of GDP from 2.2% previously, reflecting a steady drop in goods shipments and strength in services exports." "Services exports touched nearly $30 billion in both January and February, an increase of about 40% on-year." "India's foreign exchange reserves rose $12.8 billion to $572.8 billion as on March 17,2023, Reserve Bank of India (RBI) data showed." ET. "India's foreign currency assets (FCA), the biggest component of the forex reserves, saw a rise of $10.49 billion to $505.34 billion." However, "India's engineering exports to 17 out of 25 key markets such as the US and China declined in the month of February 2023 primarily driven by the global economic slowdown and low demand for metals and metal products." ET. We, Indians, cannot withdraw Rs 200,000 or spend Rs 100,000 of our own money. Yet we want others to accept rupees. Can anyone explain?