India and Bangladesh are Gradually Abandoning the US Dollar in Trade and Will Use Local Currencies

SHANGHAI, Apr 25 - According to RT News Network on April 22, India and Bangladesh are gradually abandoning the use of U.S. dollars in bilateral trade and switching to their own currencies for transactions.

RT news network quoted Bangladeshi media "Business Standard" as reporting that India and Bangladesh have reached an agreement that some trade will be conducted in the two countries' national currencies, the rupee and the taka, a move that the two countries have been discussing for months.

It is expected that Bangladesh's exports to India will be completely shifted to rupees and taka, while India's exports to Bangladesh worth about $2 billion will be traded in rupees and the rest in US dollars.