According to Reuters local time on the 17th, Bangladesh and Russia agreed to use RMB to pay for the nuclear power plant project built by Russia in Bangladesh. Faced with this process, Business Insider wrote that "the dollar's hegemony in global trade faces great challenges" Bangladesh is reportedly working with Rosatom to build the first of two planned nuclear power plants, worth about $126.5 billion, 90 percent of which is financed by a 28-year loan from Bangladesh to Russia with a 10-year grace period.
India International Bank of Malaysia (IIBM), based in Kuala Lumpur, has operationalised this mechanism by opening a Special Rupee Vostro Account through its Corresponding Bank in India i.e. Union Bank of India, an official statement said by the Ministry of External Affairs said on Saturday.
Get latest articles and stories on India at LatestLY. The Foreign Trade policy (FTP) 2023, which was released on Friday will make exporters more competitive, said Santosh Sarangi, Director General of Foreign Trade (DGFT). India News | Foreign Trade Policy 2023 Will Make Exporters More Competitive: DGFT.
The Foreign Trade policy (FTP) 2023, which was released on Friday will make exporters more competitive, said Santosh Sarangi, the Director General of Foreign Trade (DGFT).