The head of Sonali Bank Limited, Md. Afzal Karim, stated that "Bilateral trade with India in taka and INR will reduce pressure on the US dollar." As Bangladesh dumps US currency and becomes the 19th country to trade with India with rupees, both nations stand to gain from this.
Bangladesh has become the 19th nation to settle bi-lateral trade with India in Indian rupees. Both the countries were in talks for months to give up dollar and use their local currencies for clearing transactions.
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