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Bangladesh, India launch trade transactions in rupees

Bangladesh and India launched a much-anticipated trade transaction in rupees, a move aimed at reducing dependence on the US dollar. ....

Pranay Verma , Bangladesh Bank Governor Abdur Rouf Talukder , Bank Governor Abdur Rouf Talukder , Indian High Commissioner Pranay , South Asia ,

india: Bangladesh, India launch trade transactions in rupees

The central bank governor said the transaction costs during trade with India would reduce with the introduction of the Taka-Rupee dual currency card which was "almost ready (to be) launched from September". Bangladesh and India, however, stage frontier trading in certain areas called "border hut" in a semi-formal manner where both currencies are exchanged on a limited scale. Officials said under the formal arrangement from now on initially, the trade would be transacted in rupee and then gradually in Bangladeshi currency Taka upon the trade gap between the two countries decreasing. ....

Pranay Verma , Bangladesh Bank Governor Abdur Rouf Talukder , Bank Governor Abdur Rouf Talukder , Indian High Commissioner Pranay , South Asia , Bangladesh Bank , Abdur Rouf Talukder ,

Bangladesh India launch trade transactions in rupees

(This story has not been edited by THE WEEK and is auto-generated from a PTI ....

Pranay Verma , Bangladesh Bank Governor Abdur Rouf Talukder , Bank Governor Abdur Rouf Talukder , Indian High Commissioner Pranay , South Asia ,