With the aim to protect the interests of the exporters as well as the remitters, Bangladesh’s central bank is considering to depreciate Taka against the US Dollar.
Media reports maintained this adding the Bangladesh Bank has devalued the interbank exchange rate recently, allowing local currency to rise to Taka 86 against US Dollar for the first time even if the move to depreciate Taka against US Dollar, many feel, may stoke inflationary pressure.
Meanwhile, speaking to the media, Acting Chief Economist of the Bangladesh Bank, Md. Habibur Rahman said the central bank was mulling a gradual appreciation of the US Dollar against the Taka to give a boost to both exporters and remitters, while underlining Bangladesh’s import payments have escalated due to the global supply chain disruption and rising domestic demand from the industrial sector following the reopening of the economy.
