Discover and read the best of Twitter Threads about #mezbaulhaque

Most recents (1)

#Dedollarization Continues

🇧🇩 & 🇮🇳 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.
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"
Read 6 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!