read moreAnd Pakistan's central bank reserves of $8.6 billion are sufficient for just about a month of imports. However, the Bangladesh central bank's executive director, Serajul Islam, told Reuters, "No such decision has been taken yet," in reference to trade in local currencies with India. Last week, the Bangladesh central bank freed up banks to do transactions in Chinese yuan, so as to enable trade with China. "SBI's circular is very alarming, as they have said not to take exposure on Bangladesh exports," the exporter added. "Bangladesh is a major trading partner and if a premier bank like SBI does not take exposure, how will the trade grow?

---