India, Bangladesh ditch Dollar; Rupee-Taka trade to replace U.S currency exchange | Details

India and Bangladesh have joined hands amid a big threat to dollar dominance. The two friendly neighbours have decided to ditch the dollar in bilateral trade. Both countries will use their local currencies for clearing transactions. The rupee and taka will now replace the U.S. dollar as currencies of exchange. The decision comes after months of discussion between New Delhi and Dhaka to give up bilateral trading in the dollar.