Bangladesh economic crisis: Impact of dollar crisis and banking sector troubles

Bangladesh economic crisis: Impact of dollar crisis and banking sector troubles

0 minutes, 42 seconds Read

Most economic indicators – inflation, dollar crisis, foreign exchange reserves – have worsened, resulting in increasing pressure on the overall economy.

The cost of doing business has increased due to the increase in interest rates by Bangladesh Bank.

The banking sector has become weak as money is being taken from banks in real and fake names.

The forced merger of banks has created panic. According to officials from the central bank and related sectors, at least three banks are struggling to return depositors' money.

Although the Covid pandemic hit the economy, the economic indicators were better at that time.

Economic indicators began to deteriorate in mid-2022.

At that time, Bangladesh Bank had said that the crisis would be over by December. Later, the crisis deepened further. Now the central bank has assured the traders that the crisis will be over by December this year.

42 Total Views 42 Views Today
Spread the love

Similar Posts