Bangladesh’s forex reserves now $26.3 billion as per IMF formula

[AmiEktaKharapChele]

Ah look, someone is offended.

Cared enough to reply, guess I was right about you little subramanian

 

[bluesky]

BD is not bankrupt but same time BD dont have 34bn$ too

Please do not put words in my mouth. Where did I say Bd is bankrupt? I said it is NEAR bankrupt. If you cannot distinguish the difference, it is your problem.

 

[bluesky]

According to the suggestion of International Monetary Fund, if $8 billion used as export development fund is excluded from the foreign exchange reserves, then the reserves stand at $26.3 billion. It is the lowest in 7 years.

Please note that when this idiot BAL govt was claiming a reserve of $48 billion, it has already disbursed $7 billion to the BAL businesses. So, it was only $41 billion at that time and now it is $26.3 billion only, a near-bankrupt situation.

Hasina Bibi distributed this big money only to those who have garments/ other production/ export businesses and millions of workers working in their factories.

Hasina was expecting these businesses to exploit their workers to force them to vote for the BAL party. Hasina govt should resign now that her dubious policy is now open to the public.

 

[mb444]

I never said Bangladesh has issued bonds. was talking generally to cover how countries raise capital.
Does the govt not borrow from the world bank, adb , State bank of Bangladesh, etc ?
If Bangladesh is cash rich then all it needs is to do is to use it to buy hard currency.

BB borrows from BD banks in taka. Unfortunately taka is not convertible.

Only source of dollar is trade or remittances. The later source is coming down as expats are getting less for their money by going through official channels. Hence they are relying on hundi and in that scenario USD does not enter the BD banking system mostly.

That just leaves institutional institutions unless BD opens up.

 

[Imran Khan]

BB borrows from BD banks in taka. Unfortunately taka is not convertible.

Only source of dollar is trade or remittances. The later source is coming down as expats are getting less for their money by going through official channels. Hence they are relying on hundi and in that scenario USD does not enter the BD banking system mostly.

That just leaves institutional institutions unless BD opens up.

or BD gov start giving rates more then hundi hawala of taka . make taka 150 per $

Please note that when this idiot BAL govt was claiming a reserve of $48 billion, it has already disbursed $7 billion to the BAL businesses. So, it was only $41 billion at that time and now it is $26.3 billion only, a near-bankrupt situation.

Hasina Bibi distributed this big money only to those who have garments/ other production/ export businesses and millions of workers working in their factories.

Hasina was expecting these businesses to exploit their workers to force them to vote for the BAL party. Hasina govt should resign now that her dubious policy is now open to the public.

well i have always say india and BD was playing with numbers last many years .

 

[bluesky]

Subrahmanyan Chandrasekhar

I read about this scholar when I was reading a science book written by the famous British Astrophysicist Stephen Hawkings.

Chandrashekhar was one of three physicists in the mid-1940s who had quite an understanding of Einstein's many theories, especially E = mc2, on the Universe. There is one satellite or something else named after this Indian physicist.

His own theories on the masses of stars have been proved very correct. It is called the "Chandra Limit" of the mass of stars.

 

[bluesky]

Almost 30% fudging, why they mix EDF with foreign reserves though....

Our Hasina Bibi wanted our FER to look larger than the actual. So, she did not deduct $7 billion EDF money from the FER.

This woman got her two-year BA degree by gaining Grace Marks in two subjects. She is now playing Economist to upgrade the prestige of BD.

 

[my2cents]

Note that some BAL cronies are taking a positive stance by saying that BD is receiving $3.5 billion per month. What a rosy picture he is painting without a base.

Exports are down because Hasina Bibi and her BAL colleagues have stolen away the dollars and the country has little money to import the raw materials needed to produce them.

Remittances are down because BAL money launderers pay 10 Taka more than the govt rate. So, obviously they tend to send money via Hundi instead of sending via banks.

Many expatriates are waiting for a rosy day when the exchange rate hits 200 Taka per dollar.

I predicted a month ago that this holiday season is going to below average and your exports orders will be down. You have a situation of diminishing returns. Bukle up for a bumpy ride.
@Bilal9

 

[Bilal9]

I predicted a month ago that this holiday season is going to below average and your exports orders will be down. You have a situation of diminishing returns. Bukle up for a bumpy ride.
@Bilal9

You are being too obvious about a global economic headwind.

Not really shocking and every country in South Asia is in the same boat. But Bangladesh is maybe not doing as badly as India is, though AL looting may have hurt our exports.

If it is not yet, India definitely will do worse. Only a question of time. Be Thankful for Bangladesh as a market which stabilizes your economy somewhat.

India’s exports shrink 16.7% and imports rise 5.7% in October 2022.

About: Merchandise exports declined 16.7% on year in October, the first drop in 20 months and the worst slide since May 2020 when a nation-wide lockdown was imposed to contain the Covid outbreak. The curbs on exports of select steel products, iron ore and non-basmati rice and the ban on those...

vajiramias.com

• Merchandise exports declined 16.7% on year in October, the first drop in 20 months and the worst slide since May 2020 when a nation-wide lockdown was imposed to contain the Covid outbreak.
• The curbs on exports of select steel products, iron ore and non-basmati rice and the ban on those of wheat to ease domestic inflation have also contributed to the export decline.
• Exports dropped below the crucial $30-billion mark for the first time since March 2021 to hit $29.8 billion. Imports, however, rose 5.7%, to $56.7 billion.
• Consequently, trade deficit inched up to $26.9 billion in October from $25.7 billion in the previous month; but it still remained lower than July’s record level of $30 billion.
• The export decline in October was rather broad-based, as 24 of the 30 key segments–including petroleum products, engineering goods, gems and jewellery, textiles and garments, chemicals and pharmaceuticals–witnessed contraction, due to an economic slowdown in key markets that started to weigh down demand.
• However, the sustained rise in imports, albeit at a slower pace, suggests domestic consumption still remains stronger than in many parts of the world.
• The World Trade Organisation (WTO) recently warned of a darkened 2023 and projected that global trade growth will drop to only 1% next year from 3.5% in 2022.

 

[Bilal9]

Cared enough to reply, guess I was right about you little subramanian

Thak bechararey offend koira ki luv.

Amader logey jhogra-jhati koira ektu confidence "up" korar cheshta korey arki.

"ignore' korey disi tarey....

 

[AmiEktaKharapChele]

Subrahmanyan is a good name, though it's my not by name. If you google it, you'll probably get redirected to a page about Subrahmanyan Chandrasekhar.

If you google certain other names you'll get search results about some others who blew themselves up to attain martyrdom. Oh, well.

and If you google another said super duper scientific religion you'll find how five brothers shared one wife, so what's your point ramesh ?



Not to forget this gem of a religious practice :

I do not aim to offend anyone's beliefs but a Hindu whose religion calls for beastiality and women tying knots with dogs is hardly in place to try and insult Islam.

Going by the above photo, am I to take that all Hindus love copulating with animals and lowly street dogs at that? Even more so since the animal motif is so prevalent in your religion.

Surely, If a few extremists are the shining example of Islam to you then it's only fair that this picture sans context represents Hinduism to me... Sounds fair right ?


Class dismissed for today then, gangu... Oh and try not to get your wife/girlfriend stolen by a dirty extremist, If you can stop it from happening that is, ramesh.

 

[walterbibikow]

You are being too obvious about a global economic headwind.

Not really shocking and every country in South Asia is in the same boat. But Bangladesh is maybe not doing as badly as India is, though AL looting may have hurt our exports.

If it is not yet, India definitely will do worse. Only a question of time. Be Thankful for Bangladesh as a market which stabilizes your economy somewhat.

India’s exports shrink 16.7% and imports rise 5.7% in October 2022.

About: Merchandise exports declined 16.7% on year in October, the first drop in 20 months and the worst slide since May 2020 when a nation-wide lockdown was imposed to contain the Covid outbreak. The curbs on exports of select steel products, iron ore and non-basmati rice and the ban on those...

vajiramias.com

• Merchandise exports declined 16.7% on year in October, the first drop in 20 months and the worst slide since May 2020 when a nation-wide lockdown was imposed to contain the Covid outbreak.
• The curbs on exports of select steel products, iron ore and non-basmati rice and the ban on those of wheat to ease domestic inflation have also contributed to the export decline.
• Exports dropped below the crucial $30-billion mark for the first time since March 2021 to hit $29.8 billion. Imports, however, rose 5.7%, to $56.7 billion.
• Consequently, trade deficit inched up to $26.9 billion in October from $25.7 billion in the previous month; but it still remained lower than July’s record level of $30 billion.
• The export decline in October was rather broad-based, as 24 of the 30 key segments–including petroleum products, engineering goods, gems and jewellery, textiles and garments, chemicals and pharmaceuticals–witnessed contraction, due to an economic slowdown in key markets that started to weigh down demand.
• However, the sustained rise in imports, albeit at a slower pace, suggests domestic consumption still remains stronger than in many parts of the world.
• The World Trade Organisation (WTO) recently warned of a darkened 2023 and projected that global trade growth will drop to only 1% next year from 3.5% in 2022.

@beijingwalker
India’s overall exports in October 2022 are estimated to be USD 58.36 billion, exhibiting a positive growth of 4.03 per cent over the same period last year. The overall exports consist of both exports of merchandise and services.
https://theprint.in/economy/indias-overall-exports-grow-4-to-58-36-bn-in-october/1218537/

@bluesky @UKBengali @Hellfire2006 @Black Tornado @Cheepek

India's forex reserves rise at fastest pace since August 2021

India's foreign exchange reserves rose to $544.72 billion in the week through Nov. 11, marking their biggest weekly jump in more than a year, the Reserve Bank of India's (RBI) weekly statistical supplement showed on Friday.

www.reuters.com

 

[my2cents]

You are being too obvious about a global economic headwind.

Not really shocking and every country in South Asia is in the same boat. But Bangladesh is maybe not doing as badly as India is, though Hasina's looting definitely hurt our exports.

If it is not yet, India definitely will do worse. Only a question of time. Be Thankful for Bangladesh as a market which stabilizes your economy somewhat.

India’s exports shrink 16.7% and imports rise 5.7% in October 2022.

About: Merchandise exports declined 16.7% on year in October, the first drop in 20 months and the worst slide since May 2020 when a nation-wide lockdown was imposed to contain the Covid outbreak. The curbs on exports of select steel products, iron ore and non-basmati rice and the ban on those...

vajiramias.com

• Merchandise exports declined 16.7% on year in October, the first drop in 20 months and the worst slide since May 2020 when a nation-wide lockdown was imposed to contain the Covid outbreak.
• The curbs on exports of select steel products, iron ore and non-basmati rice and the ban on those of wheat to ease domestic inflation have also contributed to the export decline.
• Exports dropped below the crucial $30-billion mark for the first time since March 2021 to hit $29.8 billion. Imports, however, rose 5.7%, to $56.7 billion.
• Consequently, trade deficit inched up to $26.9 billion in October from $25.7 billion in the previous month; but it still remained lower than July’s record level of $30 billion.
• The export decline in October was rather broad-based, as 24 of the 30 key segments–including petroleum products, engineering goods, gems and jewellery, textiles and garments, chemicals and pharmaceuticals–witnessed contraction, due to an economic slowdown in key markets that started to weigh down demand.
• However, the sustained rise in imports, albeit at a slower pace, suggests domestic consumption still remains stronger than in many parts of the world.
• The World Trade Organisation (WTO) recently warned of a darkened 2023 and projected that global trade growth will drop to only 1% next year from 3.5% in 2022.

You are being too obvious about a global economic headwind.

Not really shocking and every country in South Asia is in the same boat. But Bangladesh is maybe not doing as badly as India is, though AL looting may have hurt our exports.

If it is not yet, India definitely will do worse. Only a question of time. Be Thankful for Bangladesh as a market which stabilizes your economy somewhat.

India’s exports shrink 16.7% and imports rise 5.7% in October 2022.

About: Merchandise exports declined 16.7% on year in October, the first drop in 20 months and the worst slide since May 2020 when a nation-wide lockdown was imposed to contain the Covid outbreak. The curbs on exports of select steel products, iron ore and non-basmati rice and the ban on those...

vajiramias.com

• Merchandise exports declined 16.7% on year in October, the first drop in 20 months and the worst slide since May 2020 when a nation-wide lockdown was imposed to contain the Covid outbreak.
• The curbs on exports of select steel products, iron ore and non-basmati rice and the ban on those of wheat to ease domestic inflation have also contributed to the export decline.
• Exports dropped below the crucial $30-billion mark for the first time since March 2021 to hit $29.8 billion. Imports, however, rose 5.7%, to $56.7 billion.
• Consequently, trade deficit inched up to $26.9 billion in October from $25.7 billion in the previous month; but it still remained lower than July’s record level of $30 billion.
• The export decline in October was rather broad-based, as 24 of the 30 key segments–including petroleum products, engineering goods, gems and jewellery, textiles and garments, chemicals and pharmaceuticals–witnessed contraction, due to an economic slowdown in key markets that started to weigh down demand.
• However, the sustained rise in imports, albeit at a slower pace, suggests domestic consumption still remains stronger than in many parts of the world.
• The World Trade Organisation (WTO) recently warned of a darkened 2023 and projected that global trade growth will drop to only 1% next year from 3.5% in 2022.

Yes if the global headwinds are against economic growth, then its impact will not be same for all countries alike. Some will be impacted more than others. If you are solely dependent on exports then you will see a big difference. Bd growth story and exports is some ways concentrated with garments industry and if your export orders are in decline then you will see adverse effects on your economy.
India will be impacted but its industry is varied and hence can sustain global recession.

 

[bluesky]

One-off story about an instance of Polyandry in a religious book vs widespread practice of Polygamy. What's your point, Abdul?



Yes, because a one- off event of symbolic marriage with an animal is so much worse than having "farewell intercourse" with a corpse. Sure.

Egypt Drafts Law Allowing Husbands To Have Sex With Dead Wives

Egypt Drafts Law Allowing Husbands To Have Sex With Dead Wives

www.huffingtonpost.co.uk

This isn't an anecdote about a religious ritual but an incident of a nation legislating to legalize a despicable practice. Please stop throwing stones at others,while living in a glass house.

Also, please stick to performing weird-dances. Religious criticism isn't definitely your cup of tea.

Saudi tribe holds camel beauty pageant

GUWEI'IYYA, Saudi Arabia (Reuters) - The legs are long, the eyes are big, the bodies curvaceous.

www.reuters.com

 

[X-ray Papa]

Saudi tribe holds camel beauty pageant

GUWEI'IYYA, Saudi Arabia (Reuters) - The legs are long, the eyes are big, the bodies curvaceous.

www.reuters.com

What's your religion, kafir?