Dollar Crisis

Chinese Ambassador Suggests Using Chinese Currencies with Bangladesh

Chinese Ambassador to Bangladesh Yao Wen || Photo: Collected

Chinese Ambassador to Bangladesh Yao Wen || Photo: Collected

The Chinese Ambassador to Bangladesh, Yao Wen, has suggested an increase in transactions using Chinese or Bangladeshi currencies rather than US dollars, given the ongoing fluctuations in the dollar exchange rate.

Addressing the global issue of dollar rate volatility, Wen expressed China's willingness to collaborate with Bangladesh on this matter.

Following a meeting with Planning Minister Major General (retd) Abdus Salam in Agargaon on January 30, Wen stated that exploring the use of their respective currencies instead of relying on the US dollar might be a viable solution.

Highlighting China's interest in discussing Bangladesh's 14th Five-Year Plan, Wen emphasized the strong bilateral relationship and China's past assistance in implementing Bangladesh's five-year plans.

Responding to inquiries about the slow disbursement of promised funds from China, the planning minister reassured that any minor issues would be addressed through dialogue.

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