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Bangladesh, China agree to increase use of local currency

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Published: 16:39, 11 July 2024

Update: 16:52, 11 July 2024

Bangladesh, China agree to increase use of local currency

Photo: Collected 

Bangladesh and China have agreed to enhance cooperation in financial regulation, and encouraged increased use of local currency settlement in bilateral trade, according to a joint statement issued after Prime Minister Sheikh Hasina’s three-day official visit to Beijing.

Hasina returned home early hours of Thursday (11 July) after talks with Chinese President Xi Jinping and Prime Minister Li Qiang.

The Bangladesh side welcomes Chinese banks to establish branches in Bangladesh, and vice versa.

Bangladesh and China agreed to strengthen coordination in international and multilateral affairs, and expressed readiness to further coordinate positions and build broader consensus in multilateral processes concerning international peace and security, sustainable development, human rights, humanitarian affairs, climate change, energy transition and environmental protection, to jointly safeguard the common interest of developing countries.

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