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After year-long volatility, the forex market is getting stable with the exchange rates of the dollar settling between Tk123 and Tk124 for the last one and a half months, preventing a steep fall of the taka. A reduction in repayment pressure on private sector short-term loans coupled with a conservative approach in opening letters of credit (LCs) against imports have helped
Bangladesh Bank this month said it is evaluating a plan to introduce a crawling peg system for the local currency to keep it stable
(Bloomberg) -- Bangladesh’s Prime Minister Sheikh Hasina is set to extend her 15-year rule in a boycotted election on Sunday. The question now is whether Western governments led by the US will punish the country for its democratic backsliding and push it closer to China.Most Read from BloombergIslamic State Claims Responsibility for Deadly Iran BlastsJust a Billion Doesn’t Cut It on This Exclusive Florida IslandBusiness Insider Says Ackman’s Wife Plagiarized Doctoral ThesisTech’s Losing Streak E
Bangladesh’s Prime Minister Sheikh Hasina is set to extend her 15-year rule in a boycotted election on Sunday. The question now is whether Western governments led by the United States will punish the country for its democratic backsliding and push it closer to China.