Central bank should read the market, revise rules accordingly to ensure stability
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.
The recent policy changes have been so enormous that they have already made the old monetary policy largely defunct.
Reevaluating economic policies and practices is the need of the hour
Dealing with these two major challenges is essential for macroeconomic stability
Bangladesh’s foreign exchange reserves have dipped below $36 billion due to high import payments against the slower than expected export earnings.
The taka has been devalued against the dollar in seven steps this year.
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.