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Bangladesh to trade in India Rupee

Bangladesh will start trade with India in Rupees in order to reduce stress on the US dollar requirements from Tuesday .The dollar being the dominant currency, the trading in Indian Rupee will be only partial and experimental. This will help take some pressure off the ACU payment settlement which takes place every two months, Similarly, Indian banks can open Taka accounts in Bangladesh banks to put their export proceeds in Taka to a limited extent. The rest of the payments will continue conventionally in dollars. Is this the continuation of de-dolarisation ?

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