In the last fiscal year, the most pressing problem in economy was the dollar crisis and the devaluation of the taka. The central bank reserves fell by $10.52 billion, or 25.39%, between June 30, 2022 and June 30, 2023. According to Bangladesh Bank data, the exchange rate of the US dollar against the Bangladesh Taka has climbed by Tk23, or 26.75%, since March of last year. Taka devaluationData from the central bank shows the dollar price was only Tk86 on March 22 of last year. That means the central bank reserves will fall by $10.52 billion, or 25.39%, between June 30, 2022 and June 30, 2023.

Source: Dhaka Tribune July 08, 2023 20:07 UTC