forex crisis in Bangladesh

Time to set realistic dollar exchange rates

Central bank should read the market, revise rules accordingly to ensure stability

Why the US dollar is an optimal reserve currency for Bangladesh

The proposition that Bangladesh will move away from the US dollar-based payment settlement to a new international payment settlement is of no economic substance.

A roller-coaster year comes to an end

Let us forge ahead with the lessons taught by 2022

Time for a new central bank and monetary policy

The recent policy changes have been so enormous that they have already made the old monetary policy largely defunct.

Fix our current account deficit

Reevaluating economic policies and practices is the need of the hour

Coping with the twin shocks of inflation and depleting forex reserves

Dealing with these two major challenges is essential for macroeconomic stability

Forex reserves slip below $36 billion

Bangladesh’s foreign exchange reserves have dipped below $36 billion due to high import payments against the slower than expected export earnings.

What Bangladesh needs to consider before devaluing the taka further

The taka has been devalued against the dollar in seven steps this year.

Foreign aid sees higher utilisation

The use of foreign aid for development projects in Bangladesh jumped 49 per cent year-on-year in July, providing some relief to the government amid the ongoing pressure on the country’s foreign exchange reserves.

June 3, 2022
June 3, 2022

Bangladesh Bank lets taka float against US dollar

In an effort to stabilise the forex market, Bangladesh Bank has decided to allow the exchange rates of the taka to float against the US dollar for the first time in a decade.

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