Apart for some youtubers claiming reserves are down to $26b I have not seen any such news from anywhere.
Now some political massaging maybe going on but there is a lot of difference between $34b and $26b.
I see no reason not to trust the data that BB is releasing.
Overall debt has increased so has the GDP and exports as has the imports.
The point is GDP to debt ratio remains stable. It is a concern the amount of Public sector debt to international institutions.
But overall things are not so concerning as some of the histrionics suggests. It is...
Numbers does seem contrary to recent trend. However I would always say that we are spoon feed information by the media who are always seeking to entertain rather than educate.
It is not inconceivable that BD export has risen to over $5b last month as a result of more payments clearing in...
Over 90% of tax is generated from Dhaka and Chitagong. It is time to widen the tax net across the country. Other regions have had good development and it is time they do their part.
Tarrifs needs to be targeted to protect home market. There is no one size fits all. BD tarrif reduction should be conjoined with pta/fta deals that are signed. No knee jerk reaction that leads to dumping.
BD needs to put up adequate para tariff wall as it lowers actual tarrif. BD interest...
BD water table is not the same everywhere. Less water also means less waste water. But the most important factor is ISO certification that BD factories needs to maintain to be able to export RMG products. These needs to be maintained and threshold increases everywhere.
Europeans are not...
From what i understand hundi works the following way.
You give someone money in sterling in UK, they ask their agents in BD to give your family money in taka. So the sterling balance does not enter BD banking channel formally.
If you wish to buy stetling but can not do it via official channel...
I am fairly relaxed. Yes people are sending money via channels that gives the largest amount of taka for their money.
Whilst it is true that GoB is missing out on the hard currency deposit, the people of the country are not missing out on the remitence. Our economy will continue to motor and grow
Dumbest reporting ever by an absolute illiterate.....
BD is getting $1.65b in remitence per month as opposed to a high of nearly $2b at the height of the pandemic.
BD is loosing a huge amount of remittances to hundi.
There are 422 items in the basket that BD uses to calculate inflation. Many of these products are imported and as such we are importing global inflation. Global inflation is 8.8% and just dont see how BD can keep it below double digit until the harvest comes in about a month. Fuel prices were...
BD economically in the long run will be fine because of one simple reason, our indebtedness is very low.
However having said that I have to be honest I do not believe in the 9% inflation figures because of anecdotal evidence and the weird delay in releasing the figures that has not happened...
Then I change my mind and am in total agreement with you.
I interpreted the article to mean cotton is being grown on land where currently nothing at all is being grown
I am going by the article, the areas they are targeting is clearly detailed in the article. I can not counter or add anything to that.
Are you saying those areas are fertile and cotton is substituting land currently used to grow other crops?
There is also between 150-200k BD workers in singapore sending back sizable ($350m per anum) remittances back.
Add that and we are looking at $500m of earning from the tiny state per year.
Sign the FTA quickly and grow this opportunity. Our export to singapore is growing at only 4.4%...