Bangladesh's economy heavily depends on garment exports and remittances for its foreign exchange reserves, with limited diversification in agricultural products. Despite being an agrarian society, it imports key agriculture-related products, straining reserves.
While the government is distracted by elections, the financial economy will suffer
Bangladesh Bank can better fix the currency turmoil by freeing both interest rate and exchange rate to adjust over time.
Bangladesh's economy heavily depends on garment exports and remittances for its foreign exchange reserves, with limited diversification in agricultural products. Despite being an agrarian society, it imports key agriculture-related products, straining reserves.
While the government is distracted by elections, the financial economy will suffer
Bangladesh Bank can better fix the currency turmoil by freeing both interest rate and exchange rate to adjust over time.
