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WB report mentions Bangladesh currency as Rupee
New Age | Newspaper
Staff Correspondent
A World Bank report released from Washington on Thursday on global remittance flows mentioned Bangladesh currency as Rupee instead of Taka.
In the figure 8 in a paragraph titled Currency Depreciation in Many Recipient Countries is Increasing the Migrants Incentive to Remit on page 9 of Outlook for Remittance Flows 2012-14, the WB showed the comparison of depreciations of currencies of India, Mexico and Bangladesh against US dollar.
It showed Bangladesh Rupee has experienced a phenomenon of a depreciating currency over a longer period while Indian Rupee reserved the gains, which it made between November 2008 and June 2011, in November this year.
The report, written by Sanket Mohapatra, Dilip Ratha and Ani Silwal1 of World Bank, also showed Mexican Peso depreciated by nearly 14 per cent between July and November 2011.
New Age | Newspaper
Staff Correspondent
A World Bank report released from Washington on Thursday on global remittance flows mentioned Bangladesh currency as Rupee instead of Taka.
In the figure 8 in a paragraph titled Currency Depreciation in Many Recipient Countries is Increasing the Migrants Incentive to Remit on page 9 of Outlook for Remittance Flows 2012-14, the WB showed the comparison of depreciations of currencies of India, Mexico and Bangladesh against US dollar.
It showed Bangladesh Rupee has experienced a phenomenon of a depreciating currency over a longer period while Indian Rupee reserved the gains, which it made between November 2008 and June 2011, in November this year.
The report, written by Sanket Mohapatra, Dilip Ratha and Ani Silwal1 of World Bank, also showed Mexican Peso depreciated by nearly 14 per cent between July and November 2011.