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Bangladesh’s foreign currency reserves have dropped below $36 billion, 28 months after crossing the mark, despite the government’s austerity measures to save dollars
The trend that led to a record trade deficit in the last fiscal year rolled into the first two months of the current year. The trade gap widened more than 6 percent to $4.56 billion in the July-August period from a year earlier, according to data from Bangladesh Bank
This. >> well, my response is that russia decided it will be under sanction indefinitely because putin will not stop waging war on ukraine. the outcome of the situation in ukraine is existential issue for them because it's part of the strategic security perimeter on which russia relied for centuries and that's why putin decided that nato membership for ukraine is a red line. the revenue that the russians has lost has already been replaced by the $55 billion joint russia china pipeline, additional export earnings from non-western countries such as not just china but india, afghanistan, includin...
Bangladesh's forex reserves dipped below $37 billion due to high import payments against slower than expected export earnings.
RMG manufacturers export Target: Bangladesh's garment manufacturers are pinning their hopes on the burgeoning Asian markets and the growing use of non-cotton apparel items to elevate their export earnings to $100 billion by 2030.