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Cryptopolitan
2023-04-21 18:32:57

De-dollarization: Bangladesh chooses Chinese Yuan for Russia nuclear plant loan payment

De-dollarization: Bangladesh chooses Chinese Yuan for Russia nuclear plant loan payment

In a notable instance of de-dollarization among the BRICS nations, Bangladesh will pay for a nuclear plant loan to Russia using the Chinese Yuan. The country is slated to pay approximately $318 million worth of Yuan for this loan payment. Due to Western sanctions on Russia, Bangladesh could not pay in US dollars. This development … De-dollarization: Bangladesh chooses Chinese Yuan for Russia nuclear plant loan payment Read More »

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