DHAKA – Bangladesh is grappling with a dollar shortage amid the ongoing global economic challenges, with its foreign exchange reserves dipping to $19.6 billion. The country’s reserves, which are sufficient to cover just over three months of imports, have been under pressure due to a combination of rising import costs and a decline in exports
© Reuters. Bangladesh is grappling with a widening gap between the official and open market exchange rates for the US dollar, as local banks are mandated to follow the central bank’s prescribed rate amidst a severe currency shortage. Despite efforts to stabilize the currency, the open market rate for the dollar has soared, revealing a
© Reuters Bangladesh’s central bank has reaffirmed its stance on maintaining a fixed exchange rate for the US dollar, as part of its ongoing efforts to stabilize the local currency and manage the dollar crisis that has intensified since the start of the financial year 2022-2023. Today, Bangladesh Bank (BB) engaged with representatives from leading
© Reuters The Bangladeshi Taka continues to depreciate against the US dollar, leading to heightened financial strain for businesses and economic repercussions. Today, the interbank exchange rate stands at Taka 111 per dollar, with some banks collecting remittances at rates up to Taka 117 per dollar, and open market trading at Taka 121 per dollar.
The Financial Times is gated but the gist of the article is that the European Union is considering extending its emergency gas price cap introduced in February. In response to concern of supply disruption and price jumps from a couple of fronts: the conflict in the Middle East the sabotage of a Baltic pipeline Reuters
