Bangladeshhas recently establishedabilateral
trade agreement withIndia. The twonations
engagedinnegotiations withthe aimof
discontinuingthe USdollar andinsteadutilizing
domestic currencies for settlingtransactions.
Before Bangladesh, a total of18nations, including
Russia, Germany, the United Kingdom, Singapore,
Sri Lanka, Malaysia, Oman, andNew Zealand,had
already initiatedthepractice of engagingin
international trade withIndiausingthe Indian
rupee.