Bangladesh has struck a deal with Russia to build a nuclear power plant and they will pay for the work in Chinese yuan.
Bangladesh will pay Russia for the nuclear power plant in yuan
Bangladesh and Russia have agreed to use the yuan to settle obligations related to a nuclear power plant that Moscow is building in the South Asian country, a Bangladeshi government official said pic.twitter.com/SMGj4AndLt
— Spriter (@Spriter99880) April 18, 2023
The Chinese are rightly pointing out how countries are moving towards using the yuan at an increasingly faster pace because of insane policies by the United States. Bangladesh was basically forced into using yuan to pay the Russians for this plant because of US sanctions.
Opinion: Bangladesh and Russia agreed to use the Chinese yuan to settle payment for a nuclear plant, further highlighting the yuan's internationalization and de-dollarization trend, which is exacerbated by the US' own actions. https://t.co/2TwEYsJVw6
— Global Times (@globaltimesnews) April 18, 2023
The US Dollar is on the way out. There will be many more stories like this to come.