Both global and local macro-challenges can have serious implications for the people of Bangladesh
Import bills rose 63 per cent year-on-year to $7.66 billion in July but it declined from a month ago, signalling the easing of international payment pressure thanks to the recent Bangladesh Bank efforts to cool down the volatile foreign exchange market.
Bangladesh’s export earning has been failing to keep pace with the import bills since the middle of 2021. At the same time, the flow of inbound remittance started decreasing and the taka began losing value against the US dollar.
Both global and local macro-challenges can have serious implications for the people of Bangladesh
Import bills rose 63 per cent year-on-year to $7.66 billion in July but it declined from a month ago, signalling the easing of international payment pressure thanks to the recent Bangladesh Bank efforts to cool down the volatile foreign exchange market.
Bangladesh’s export earning has been failing to keep pace with the import bills since the middle of 2021. At the same time, the flow of inbound remittance started decreasing and the taka began losing value against the US dollar.
