Bangladesh Foreign Reserve CRISIS - Action to Redress is Inevitable!30 Dec 2023 09:23
Economic REALITY is best way to explore this - not what do we think Hasina is feeling? type of approach.
Bangladesh credit rating has already been downgraded in May.
"Foreign currency reserves are vital to a nations's economic well-being. WITHOUT ADEQUATE RESERVES, A COUNTRY MAY BE UNABLE TO PAY FOR CRITICAL IMPORTS, SUCH AS CRUDE OIL, OR SERVICE ITS EXTERNAL DEBT".
"Bangladesh's Forex reserve plunged to $19 bn on Tuesday (article from Nov 10 2023) because of the higher import payments.
And there are NO SIGNS THAT THE RESERVE WILL REBOUND IN THE SHORT TERM as the factors behind the decline are still in play" (source: thedailystar.net).
Again what any poster think about Hasina mindset is not what I base investment on - it is what I see as inevitable path for country to follow.
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