The sudden devaluation of the Chinese yuan against the dollar last month jolted the global foreign exchange market. Despite the fact that the devaluation was not very large, around 5 percent, the foreign exchange markets around the world reacted almost immediately underscoring the sensitivity of the world economy to economic and financial developments in China…. Read more »
- Comment 1
In recent months, I have written several opinion pieces on the various aspects of inflation in Bangladesh. Inflationary pressure has been increasing again in recent months.
- Comment 5
Simply put, as in Economics 100, a bilateral exchange rate involves exchanges of one national (home) currency for another national (foreign) currency. This is about exchanges of two different national monies.
- Comment 8
The pivotal role of the banking sector in an economy is well-recognised. Commercial banks play multi-faceted roles in contributing to economic growth, employment and overall well-being of people.
- Comment 4
The government has finally raised the interest rates on national savings schemes to competitive levels — a measure that it should have taken long ago.
- Comment 3
Recent data released by Bangladesh Bank suggest that the pressure on the balance of payments has subsided somewhat. The stock of international reserves that had dipped below $9 billion