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Bangladesh and India to Trade in National Currencies Due to US Dollar Liquidity Issues – Economics Bitcoin News

Bangladesh and India have decided to conduct trade settlements in their own currencies, bypassing the dominance of the U.S. dollar. According to sources from the Bangladesh Bank, the decision was made due to the issues of liquidity in foreign currency that Bangladesh faces, which are disrupting the flow of imports

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HSBC Bangladesh uses blockchain to import 20,000 tons of fuel oil from Singapore

The Bangladesh branch of global banking firm HSBC has conducted the country’s first blockchain-based letter of credit (LC) transaction on the Contour DLT platform.The transaction was used to settle the importation of 20,000 tonnes of fuel oil from United Group’s Singapore subsidiary United Mymensingh Power.HSBC Bangaladesh’s chief executive, Md Mahbub

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UAE Bank Opens Bangladesh Remittance Corridor using Ripple’s Blockchain Tech

United Arab Emirates-based retail and business bank, RAKBank, is expanding its remittance routes using Ripple's blockchain technology.Ripple, which provides distributed ledger payments products for financial institutions, was selected to help the UAE's 9th largest bank provide quick cross-border payments in a new Bangladeshi corridor.A partnership, announced Sunday, between Bangladesh-based Bank

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