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#Dedollarization Continues
🇧🇩 & 🇮🇳 to trade in National Currencies
🇧🇩 & 🇮🇳 have decided to ditch the 🇺🇸 dollar & conduct bilateral trade settlements in their currencies, a 🇧🇩 Bank official told
🇧🇩 & 🇮🇳 to trade in National Currencies
🇧🇩 & 🇮🇳 have decided to ditch the 🇺🇸 dollar & conduct bilateral trade settlements in their currencies, a 🇧🇩 Bank official told
This decision was made due to foreign currency liquidity issues faced by 🇧🇩, which disrupt the flow of imports into the country.
The move would also cut a number of costs associated with using the US dollar, replacing it with Indian rupees & Bangladeshi taka.
The move would also cut a number of costs associated with using the US dollar, replacing it with Indian rupees & Bangladeshi taka.
Part of the cost-cutting benefits comes from avoiding currency conversions that has to be done several times in traditional settlements, said #MezbaulHaque, executive director of 🇧🇩 Bank
"Such a decision will cut the cost of biz, speed up transactions, & boost regional trading"
"Such a decision will cut the cost of biz, speed up transactions, & boost regional trading"
