11. Current scenario of Exchange rate in Bangladesh
against world major currencies
Convert from Convert to Exchange rate As Of
Bangladeshi Taka US Dollar 0.01217 5/25/2012 3:00 AM
(BDT)
Bangladeshi Taka Canadian dollar 0.01250 5/25/2012 3:00 AM
(BDT) (CAD)
Bangladeshi Taka Australian Dollar 0.01246 5/25/2012 3:00 AM
(BDT) (AUD)
Bangladeshi Taka Indian Rupee (INR) 0.67648 5/25/2012 3:00 AM
(BDT)
Bangladeshi Taka Euro (EUR) 0.00971 5/25/2012 3:00 AM
(BDT)
Bangladeshi Taka British Pound (GBP) 0.00777 5/25/2012 3:00 AM
(BDT
Bangladeshi Taka Saudi Riyal (SAR) 0.04564 5/25/2012 3:00 AM
(BDT)
Bangladeshi Taka Japanese Yen (JPY) 0.96912 5/25/2012 3:00 AM
(BDT)
12. Causes of increasing Exchange rate in Bangladesh
Reducing Foreign
Reserve
Trade Deficit
Reducing FDI
13. High Subsidy in Quick rental
power plant for importing
furnace Oil
Foreign aid (receipt
and Payment)
Money laundering
14. Foreign reserve (2010-12)
12000 11174.4 11158.6 11316.4
10730.6
10381.7 10066.8 10193
10000 9634.9 9386.5 9579.4
8000
6000
4000
2000
0
December january February March April
2010-11( In million US $) 2011-12 (In million US $)
16. Foreign aid: Receipt and payment
(in crore $,july –Novembor)
receipt payment with interest
61.42
41.38
2010-11 2011-12
-36.86 -40.93
17. Impact of increasing exchange rate
Inflation
Increasing the cost of production
Decreasing the competitiveness
Decreasing standard of living
18. Recommendation
Discourage import of luxurious goods like-expensive smart
phone, IT product, Automobiles, furniture etc.
Bangladesh bank must keep foreign reserve above 10 billion.
Investment board must takes sufficient initiatives to attracts more
& more FDI.
Strict rules must be enforce by Bangladesh bank to stop money
laundering.
A Special fund should be formulate to meet call up money or
provide liquid money by Bangladesh bank or IMF.
Free flow of remittance must be ensured.
Minimize trade deficit
Devaluation of taka must be balanced.
Need sound govt. policy and implementation of policy.