A clerk counts renminbi banknotes at a branch of Bank of China in Nantong, Jiangsu province, July 23, 2018. Credit: Imaginechina via AP Images The opening of the Rooppur nuclear power plant in eastern Bangladesh next year will provide the largest boost to the country's energy production capabilities in decades. But it will carry another distinction relevant to international finance — it will have been paid for, in large part, with renminbi, even though China has barely been involved in its construction. Using China’s currency has helped solve a long stalemate between the government in Dhaka and Russia, which initially agreed to finance the $12.7 billion project in 2016. Following Russia’s invasion of Ukraine last year, the U.S. effectively shut it off from the dollar-dominated global financial system, making it nearly impossible for Bangladesh to make loan-related payments in greenbacks; Bangladeshi officials, meanwhile, refused to settle the transaction in Russian rubles. The Rooppur nuclear power plant currently under construction in Rooppur, Bangladesh, June 29, 2022. Credit: Energy & Power This week, hoSubscribe or login to read the rest. Subscribers get full access to: Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else. A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times. A daily roundup of China finance, business and economics headlines. We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.