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Posts tagged as “Yuan”

Bangladesh to Pay Russia $300 Million in Yuan for Nuclear Plant

by Arun Devnath in Bloomberg, Apr 18, 2023Bangladesh has agreed to pay Russia about $300 million in yuan currency to settle payment for building a nuclear power plant near the capital city Dhaka, according to two officials familiar with the matter. The payment mechanism was finalized at a meeting last week, the officials said, declining to be identified citing rules. Russia initially refused to accept the payment in yuan on concerns of potential currency conversion…