India, Bangladesh ditch dollar in trade – media ...News

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India, Bangladesh ditch dollar in trade – media
The countries have reportedly agreed to settle a quota of transactions in their own currencies India and Bangladesh are moving away from using the US dollar in bilateral trade, the Bangladesh-based news website The Business Standard reported this week. According to the report, the two countries have reached a deal that will see a part of trade transactions carried out in their respective domestic currencies, the rupee and the taka. New Delhi and Dhaka have reportedly been discussing the step for months. However, they are not planning to ditch the dollar from trade completely, the news outlet noted. It is expected

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