Good thinking
Our finance minister has backed away from his contemplation to devalue taka against the dollar because of a very reasonable argument by Bangladesh Bank that it would be punishing for fifteen crore people to pay higher prices for essentials. We have to import the major part of such essentials from abroad and people are already groaning under pressure of high prices of basic necessities!
Meanwhile, a news item published in a daily on 4 February 2009 said that our remitters from New York were sending money through Hundi via India to get nearly Tk 10 more than the government exchange rate.
Many years back, at a certain time, when the exchange rate of the government was Tk 20, the remitters were paid Tk 30 by the then government which totally stopped the Hundi remittances !
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