In fact.
India is indeed crying with tears.
Of course.
Ordinary people are shedding tears of joy.
While the lending party—the Indian government—is shedding tears of pain.
Such a massive sum, over 6 billion Asia Dollars, Myanmar Bank demands cash as proof of sincerity. At this point, India had no choice but to agree to pay.
Only by paying this money.
They agreed to provide equipment and medical loans.
India is not like Huaxia.
Huaxia has deep pockets, strong RMB purchasing power, enormous foreign exchange reserves, and close trade relationships, allowing Huaxia to pay for equipment and medicine in RMB.
As for India.
Rupees?
Heh.
Crippling external debt looms overhead.
Annual interest amounts to an astronomical figure.
Adding to that, India's export categories are limited. As a result, its currency's applicability is constrained. Fortunately, Myanmar Bank didn't completely embarrass India, stipulating that a quarter of the loan could be paid in Rupees.
After all.
