DON'T SAVE IN DOLLARS
by UmaShankar SathyaKumar on Jun 20, 2007 03:07 AM Permalink | Hide replies

Dear NRI's,

If you earn or save in the world's fastest depreciating currency US Dollar, please convert into Euro or Indian Rupees.

Otherwise, you may be working and earning in the the US. But, your saving in Dollar make your saving look like as if you are working in Zimbabwe!!!!!

Get rid of your dollars soon...

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RE:DON'T SAVE IN DOLLARS
by madhukar a on Jun 20, 2007 03:40 AM Permalink
lol. good point! Its better to convert to Rupees unless you have plan to migrate to Europe(sigh!). Though once in rupees you wont be able to convert all of it back to Dollars.

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RE:DON'T SAVE IN DOLLARS
by Simply Human on Jun 20, 2007 04:17 AM Permalink
Why bother converting. Become an American citizen and 'njoy!

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RE:DON'T SAVE IN DOLLARS
by Osho Rajneesh on Jun 20, 2007 04:59 AM Permalink

You can convert $100,000 to US dollars/year with out any questions. By writing letter to RBI on your intention to invest in foreign investments, any Individual can convert 1 million dollars.

If you open a private limited firm, then you could transfer unlimited amount for all practical purposes.

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