Dhaka, Beijing to encourage more local currency settlements in trade

12 Jul '24

1 min read

Dhaka, Beijing to encourage more local currency settlements in trade

Pic: Adobe Stock

Insights

Bangladesh and China recently agreed to enhance cooperation in financial regulation and encourage more local currency settlements in bilateral trade, according to a joint statement issued after Prime Minister Sheikh Hasina's three-day official visit to Beijing.
Bangladesh welcomed Chinese banks to set up branches in Bangladesh and vice versa.

Bangladesh and China recently agreed to enhance cooperation in financial regulation and encourage more local currency settlements in bilateral trade, according to a joint statement issued after Prime Minister Sheikh Hasina's three-day official visit to Beijing.

Bangladesh welcomed Chinese banks to set up branches in Bangladesh and vice versa.

The two sides had in-depth exchanges of views on bilateral relations and international and regional issues of mutual interest, and reached extensive consensus.

China expressed continued support for Bangladesh's graduation from the least developed country (LDC) status in 2026, according to Bangladesh media reports.

Hasina returned to Bangladesh yesterday after holding talks with Chinese President Xi Jinping and Prime Minister Li Qiang.

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