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The trade across the strait surpassed 160 billion US dollars last year, dropping US dollars as currency for balance clearing,
will save a lot in the cost of both sides.
The most beneficial side is Taiwan, they will not only save a lot of money in the so called "currency restocking ", but also can they
increase export to ASEAN counties via Mainland China's channel.
The moral of this story is, if rupee can be stabilized, we can set up a similar currency exchange mechanism.
The trade across the strait surpassed 160 billion US dollars last year, dropping US dollars as currency for balance clearing,
will save a lot in the cost of both sides.
The most beneficial side is Taiwan, they will not only save a lot of money in the so called "currency restocking ", but also can they
increase export to ASEAN counties via Mainland China's channel.
The moral of this story is, if rupee can be stabilized, we can set up a similar currency exchange mechanism.