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.

Let us forge ahead with the lessons taught by 2022

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.

The rise in fuel prices is an illogical decision that will only harm ordinary citizens and fail to deal with the root causes of the crisis that Bangladesh is currently facing.

In an effort to stabilise the forex market, Bangladesh Bank has decided to allow the exchange rates of the taka to float against the US dollar for the first time in a decade.