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Posts tagged as “Bangledsh”

Consider using renminbi as loan currency, Chinese bank urges Bangladesh

Report in The Daily Star, May 1, 2023The Export-Import (Exim) Bank of China has recommended that Bangladesh consider using renminbi (RMB) as a loan currency when receiving financing from the country in order to facilitate deeper bilateral cooperation and accelerate the implementation of digital connectivity projects. “Considering the ongoing US dollar [USD] crisis and progress in establishing digital connectivity, we strongly recommend your side consider using RMB as a loan currency,” said Li Qinxi, deputy…