Bangladesh’s Dollar reserves on track to hit 40 billion by next June

[PadmaBridge]

Thanks to huge exports growth to US and EU - coupled with massive decline of imports - Dollar reserves is on track to hit 40 billion again.

RMG exports to EU rise by 61pc in 10 months

Bangladesh’s apparel exports to the European Union in January-October of 2022 increased by 60.75 per cent to 18.47 billion euro compared with that of 11.49 billion euro in the same period of 2021 due to an increase of unit prices and...

www.newagebd.net

Bangladesh's RMG export to US rises 51pc

The USA has imported RMG items worth $7.55 billions from Bangladesh during the January-September period of the current year which is around 51 per cent higher compared to the same period of last year. According to the latest statistics from the Office of Textiles and Apparel of the United St

thefinancialexpress.com.bd

 

[Destranator]

I am not sure it would be that drastic but a rebound in garments exports is envitable. The global economic slowdown is temporary.

 

[Tigers]

This is great news because cost of borrowing is set to rise after interest rates hikes by central banks.

I am not sure it would be that drastic but a rebound in garments exports is envitable. The global economic slowdown is temporary.

IMF is projecting Germany and Italy will go into recession in 2023. How and when the global economy bounces back depends on Russia-Ukraine war. That conflict is far from over.

 

[UKBengali]

I of course predicted this only a month or two ago.

BNP lovers and/or anti-AL types will be hating this of course as they want a destroyed economy to get their party or some kind of technocratic "corruption-free" government in power.

Hasina is able to navigate serious situations like Covid-19 and the current economic headwinds like a seasoned pro.

 

[BananaRepublicUK]

I of course predicted this only a month or two ago.

BNP lovers and/or anti-AL types will be hating this of course as they want a destroyed economy to get their party or some kind of technocratic "corruption-free" government in power.

Hasina is able to navigate serious situations like Covid-19 and the current economic headwinds like a seasoned pro.

The donkeys have cried Wolf too many times.

Each cry now deserves a baton charge

 

[bluesky]

People should focus on the current FE reserve. It is $26 billion. Only the future can tell what lies there.

 

[BananaRepublicUK]

People should focus on the current FE reserve. It is $26 billion. Only the future can tell what lies there.

But you were predicting dollar reserve would be exhausted by December!!

Well! Christmas is on Sunday!

Where’s that damn Turkey, Mistri??!!

@EasyNow
@UKBengali

 

[UKBengali]

The donkeys have cried Wolf too many times.

Each cry now deserves a baton charge

This is why Hasina is very relaxed.

Her opponents in BNP and so-called "independents" are emotional and lacking in the brain cell department.

BAL has smart and nationalistic people at the top while the opposition is composed of the type we see here.

As soon as the economic troubles are over, get ready for potentially BD economy touching even 10% GDP growth in some years as it's export industries will flourish soon.

 

[BananaRepublicUK]

This is why Hasina is very relaxed.

Her opponents in BNP and so-called "independents" are emotional and lacking in the brain cell department.

BAL has smart and nationalistic people at the top while the opposition is composed of the type we see here.

As soon as the economic troubles are over, get ready for potentially BD economy touching even 10% GDP growth in some years as it's export industries will flourish soon.

EU and USA now have active plans to diversify away from China.

Bangladesh is in pole position to capture 25-30 per cent share.

10% growth is realistic.

 

[UKBengali]

EU and USA now have active plans to diversify away from China.

Bangladesh is in pole position to capture 25-30 per cent share.

10% growth is realistic.

All these power stations, roads, railways and bridges that BAL has built over the last 14 years is crucial to allow factories to produce the goods for this unprecedented economic expansion only seen before in East Asia.

 

[BananaRepublicUK]

All these power stations, roads, railways and bridges that BAL has built over the last 14 years is crucial to allow factories to produce the goods for this unprecedented economic expansion only sen before in East Asia.

Our resident Mistri was worried about Padma Bridge paying for itself.

But we already see south west tourism booming.

Wait till the resorts are built in next five years.

 

[UKBengali]

Our resident Mistri was worried about Padma Bridge paying for itself.

But we already see south west tourism booming.

Wait till the resorts are built in next five years.

Tourism is one aspect.

The other is that we have now fast and reliable road, energy and internet links between Dhaka and SW BD. Soon there will also be a rail link as well.

SW BD has now joined in the BD economic boom.

The 4 billion US dollars that BD government spent on the bridge so far will be one of the best investments ever.

 

[fallstuff]

What is the source of this prediction ?

 

[BananaRepublicUK]

What is the source of this prediction ?

Based on the trajectory of imports and exports.

And falling oil prices due to global slowdown.

Oil price is likely go into reverse by autumn next year.

BAL has strangled imports except food and raw materials for export industries.

Container numbers arriving at Chittagong has fallen off a cliff.

Benefit of dictatorship at play!

No time was wasted debating and pontificating between Dhakaya educated plebs

Decision and implementation took days.

@UKBengali
@EasyNow

 

[EasyNow]

But you were predicting dollar reserve would be exhausted by December!!

Well! Christmas is on Sunday!

Where’s that damn Turkey, Mistri??!!

@EasyNow
@UKBengali

The Padma bridge story alone disproves so many lies about a fake economy. The bridge revenues is double what was predicted - that is undeniable real world data

Ps.

@bluesky IS the turkey, one who voted for Christmas! A renowned "malaun"according to mullahs on this forum, who supports jamaat.