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.
https://www.newagebd.net/article/189533/rmg-exports-to-eu-rise-by-61pc-in-10-months...
Imports have been strangled whilst exports of garments has increased by over 50% to US and EU.
Hence reserves are now at 25 billion and predicted to be above 40 billion by June next year.
Stop spreading Trumpian lies!
You should wear a 🤡 hat!
You look ridiculous and unhinged now.
Especially given that Bangladesh seems to be taking Pakistan’s share of exports.
So, Bangladesh is growing largely at the expense of Pakistan.
Irony is too funny!
Bangladeshi export basket only contains essentials and value.
Irony is that in a crisis Bangladesh does better not worse.
We saw that during covid as well.
West is going through a crisis.
The middle class is especially hurting. And they are resorting to shopping at budget stores.
And budget stores are overwhelmingly supplied by Bangladesh.
So, why is Pakistani export declining? That’s because inefficient and small scale Pakistani exporters...
BD is earning dollars via remittance and exports. And pays interests from that. The higher the dollar inflation the higher the income will be. Because the goods and services it exports will fetch more.
BD government doesn’t convert taka to dollars 🤣🤣🤣 to pay interests 🤣🤣🤣
people who are hurt...
Nice to see you accept the silliness of comparing yen based bond rate with taka based bond rate.
To your question about dollar based bond rate and US inflation…
It’s an indication of the real rate of return…
2% interest will definitely not give a real return. BD will be effectively paying...
You guys really need to understand the basics.
Economics is a hard subject.
You are spouting bond rates of different countries - whilst ignoring the currency and inflation.
Let’s take your stupid comparison of yen based bond rate and taka based bond rate 🤣🤣🤣
Japan’s inflation is running at...
2% is dead cheap given global inflation and rates at bond markets.
Bangladesh can borrow at these ultra low rates because its Debt to GDP ratio is amongst the lowest in the world.
Furthermore, BD always complies with the rules and never borrows to pay interest on existing loans.
Nor BD has...