Life Style

Slow and steady depreciation of Taka helps export Bangla RMG

Taka’s exchange rate has fallen 25% against the US dollar over the last 13 years and has fallen to an unprecedented 86 Taka earlier this week as Bangladesh Bank devalues ​​20 Paisa against the US dollar. Interbank exchange market on January 9th. Devaluation could boost national garment exports.

In the last five months, the Bangladeshi currency has lost its value by 1.20 taka or 1.41 percent against the US dollar. Despite maintaining a stable position for a month and a half, the decline occurred on Sunday. In February 2009, I had to spend 69 taka to buy US dollars.

Bangladesh media reports indicate that the country has ample foreign exchange reserves in excess of $ 44 billion, and Bangladesh Bank officials have suggested not worrying about the depreciation of hawks. However, rising prices due to currency depreciation may have to face difficulties for the masses.

Taka’s exchange rate has fallen 25% against the US dollar over the last 13 years and has fallen to an unprecedented 86 Taka earlier this week as Bangladesh Bank devalues ​​20 Paisa against the US dollar. Interbank exchange market on January 9th. Devaluation could boost national garment exports.

However, the value of hawks has fallen every year except for one in the last 13 years. Bangladesh conducts international trade in US dollars.

Fiber2Fashion News Desk (DS)



Slow and steady depreciation of Taka helps export Bangla RMG

Source link Slow and steady depreciation of Taka helps export Bangla RMG

Back to top button