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China-Bangladesh bilateral currency cooperation enjoys broad prospects Source: The Financial Express Published: 2020/12/28 9:59:00 Chinese Ambassador to Bangladesh Li Jiming Photo: Courtesy of the Chinese Embassy in BangladeshIn recent years, the cross-border use of the Renminbi (RMB) has sustained rapid growth, and has maintained robust growth this year even despite the impact of the Covid-19 that has severely hit global trade, finance and economy. Overtaking the US, China became the world s largest trading nation in 2013, and the largest foreign direct investment (FDI) destination in 2014, and is expected to become the largest consumer market in 2020. This has raised anticipation on the international currency status of the RMB to a new high. China s rapid development has created enormous opportunities for China-Bangladesh bilateral currency cooperation.

Republic ofUnited arab emiratesSaudi arabiaSouth koreaRepublic of koreaRehman sobhanCentrale bank van surinameSingapore monetary authorityInternational monetary fundChina development bankEuropean central bankCentre for policy dialogueTurkey central bankCourtesy of the chinese embassyRegional comprehensive economic partnershipPeople bank