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CATEGORY: bangladesh

Bangladesh and India to Trade in National Currencies Due to US Dollar Liquidity Issues
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 16, 2023 02:10

Bangladesh and India to Trade in National Currencies Due to US Dollar Liquidity Issues

Bangladesh and India have decided to conduct trade settlements in their own currencies, bypassing the dominance of the U.S. dollar. According to sources from the Bangladesh Bank, the decision was made due to the issues of liquidity in foreign currency that Bangladesh faces, which are disrupting the flow of imports to the country. Bangladesh and [...]

The post Bangladesh and India to Trade in National Currencies Due to US Dollar Liquidity Issues appeared first on Crypto Breaking News.

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India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 03, 2023 02:10

India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar

The government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its foreign trading policy framework implemented on April 1, the country introduced this measure to facilitate payments for countries experiencing a U.S. dollar crush. India to Offer Rupee-Based Settlement Options for [...]

The post India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar appeared first on Crypto Breaking News.

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