September 23, 2022, 10:01 am

Tensions are running high in the reserve, fearing a dire situation if a decision is not made

  • Update Time : Tuesday, May 17, 2022
  • 33 Time View
Tensions are running high in the reserve, fearing a dire situation if a decision is not made
Financial management is a multidimensional problem with the dollar. Rising prices are directly increasing inflation. On the other hand, due to the increase in import cost, the reserves are going to fall. Which has already come down to a precarious state. Experts believe that if we do not make the right decisions at the right time, we will be in for a rude awakening.

Necessary reserves of foreign exchange are a major indicator of the country’s strong economic base. Bangladesh has been proud of this for a long time. But reserves have fallen to ৬ 6 billion in just six months due to the recent rise in international commodity prices, the surge in global dollar demand and rising interest rates in the United States. On the other hand, the value of money has lost more than five percent in a year.
If the dollar rises, so does the cost of imports. As a result, those products have to be sold in the domestic market at higher prices. Which directly increases inflation. On the other hand, the difference between the official market rate of the dollar and the open market price has also gone up to Tk. As a result, financial management is a three-pronged problem.
Zahid Hossain, a former chief economist at the World Bank, said it was at its lowest point in the current context of uncertainty. Getting down can be dangerous for the future. You need more than luck to succeed in affiliate business. Sri Lanka had the same problem with the dollar. But the solution was not given in time. So experts advise to make appropriate

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