The taka once again depreciated today against the US dollar amid the falling supply of the American greenback due to surging imports.
Despite a lot of stress, the Bangladeshi taka remains one of the strong currencies in the region. No doubt, the taka is still overvalued and consequently, it is trying to realign itself with the value of the US dollar through measured depreciation.
The Bangladeshi taka today faced a steep devaluation against the US dollar as the soaring import payments have created an acute shortage of the greenback in the banking sector.
The taka once again depreciated today against the US dollar amid the falling supply of the American greenback due to surging imports.
Despite a lot of stress, the Bangladeshi taka remains one of the strong currencies in the region. No doubt, the taka is still overvalued and consequently, it is trying to realign itself with the value of the US dollar through measured depreciation.
The Bangladeshi taka today faced a steep devaluation against the US dollar as the soaring import payments have created an acute shortage of the greenback in the banking sector.
