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You are mixing things up.... are you suggesting we accept Yuan over dollar for transactions with countries other than china? So you want non chinese countries to have yuan reserves readily at hand or convert to yuan to pay BD. Russia might be in a tight spot now but this situation does not...

No doubt.... but it does seem like an irrelevance with all the pressing issues BD is facing. This imbecile is hopelessly out of his depth floundering from one crisis to next of his own making and devoting time to issues that has no practical benefit. He should be building an alliance against...

Over invoicing is a major issue. One way to cut it down is for GoB to buy cotton itself and sell it to RMG sector much like we do with rice, oil etc. Wont fix everything but could be a start.

So we need to work hard to become laggards!!!! :jester:

We really must find something constructive for this idiot to do...

US really do need to change its track, see BD as a player in its own right and engage in all front. We must thank them for their amazing support though covid vacine but now they need to start investing and reduce the duties they place on our RMG. BD needs to really start FTA talks or atleast...

Bring him back, hang him, but dont expect any return of money.

Your position is logical although with a very positive spin. An FTA is necessary but should only be signed if india truely reduces its tarrif and para tarrif barriers. And that is a big IF and we need to be careful and insist of formal and simple arbitration process to deal with any issues...

Absolutely agree on what you are saying.

Simple reason is it is not convertible. If you are a BD bank it is a hassle. You need to wait for a LC to be raised in yuan to offset any yuan holding, why bother when USD is universally and instantaneously convertable. BB has had the facility for Yuan deposits for quite a few years but no BD...

There corrected your typo...

We need to examine the trajectory of trade ratio before necessarily commenting. The trade is lopsided and whilst one believes all trade is good BD needs to address asymmetric numbers. At the very least push up the tarrif level if the demand elasticity for indian goods are low and fill the...

Very interesting.... anyone has any idea the size of BD market in this sector and export potentials. Bengal meats is exporting to middle east but thats actual meat as opposed to processed meat.

US dollar is a shell... when an exporter gets paid the dollar is kept by BB and taka is what gets deposited in their account. Similarly they pay an invoice in taka and BB settles it in dollar. It does not matter that much to businesses in BD as they never see the dollars as such. Now currency...

Look currency swap is a fine thing to do and we are part of the asian clearing organisation. India is part of it so Taka and Rupee exchange is happening now. If we can extend similar exercise with the chinese, russians etc we are good for now. Holding Yuan as reserves is not going to happen...

Curious then that that is what the chinese and the indians want.

Our growth rate is still world leading so that is a positive spin. But we are still at a low base for our size. The inflation numbers do suggest that BD has been successful in curbing it really fast given that the prime causes were external so well done to BB. I am hoping BD does not require...

Only $62m, thats really low for a nation of 165m

He is not the sharpest tool in the box and what can he say but to deflect from his own governments willful inaction against the countries interest. He represents other countries interest because BAL is beholden to them to remain in power. BD interest does not matter as its people neither voted...

Actually in most cases our yeild is higher from what i understand vis-a-vis india. However on a global basis our yeild is lower due to lower science based agricultural method, lower mechanisation etc. We need to do better.