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BANGLADESH TO SETTLE PAYMENTS TO RUSSIA IN CHINESE YUAN

DHAKA, April 18, 2023 (TBINN)

Bangladesh will settle its pending payments to Russia in Chinese yuan instead of dollar.

Dhaka will settle repayments worth $110 million to Moscow for the currently under construction Rooppur Power Plant in the Chinese currency, it has been revealed.

The development came amid increasing de-dollarisation efforts by the developing nations and calls by B.R.I.C.S. (Brazil, Russia, India, China and South Africa) nation members for a common B.R.I.C.S. currency

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