To think of a possible and simple explanation for the question, you have to first quickly read this article of the famous American economist, Paul Krugman: https://finance.yahoo.com/news/remember-u-doesn-t-pay-204354371.htmlhttps://finance.yahoo.com/news/remember-u-doesn-t-pay-204354371.html ….. “Most historical examples of debt crises took place in countries that borrowed in another country’s currency”… says Paul Krugman. What a diabolically ingenious way indeed to defendContinue reading “Why India transferred its Gold reserves kept in UK Central Bank vaults since 1991 back to its domestic vaults?”