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.
As is well-known, credit from the IMF comes with strings attached, and the latest one is no exception.
A more comprehensive analysis is needed to gather a complete picture of the hundi business.
Soaring oil and commodity prices have hit Bangladesh’s foreign exchange reserves significantly.
In the wake of a foreign currency crisis in the country three recent steps of the government that drew wide appreciation are the travel restrictions for government officials (Finance Division, May 12), lifting of source declaration requirement for over Tk 5 lakh remittance (Bangladesh Bank, May 23) and imposition of additional duty on 68 various importable items (National Board of Revenue, May 24). While we fashionably go against the government on every possible issue on social media, these three rather attracted profuse praise with the first one, cessation of foreign tours, causing hysteria.
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.
As is well-known, credit from the IMF comes with strings attached, and the latest one is no exception.
A more comprehensive analysis is needed to gather a complete picture of the hundi business.
Soaring oil and commodity prices have hit Bangladesh’s foreign exchange reserves significantly.
In the wake of a foreign currency crisis in the country three recent steps of the government that drew wide appreciation are the travel restrictions for government officials (Finance Division, May 12), lifting of source declaration requirement for over Tk 5 lakh remittance (Bangladesh Bank, May 23) and imposition of additional duty on 68 various importable items (National Board of Revenue, May 24). While we fashionably go against the government on every possible issue on social media, these three rather attracted profuse praise with the first one, cessation of foreign tours, causing hysteria.
