July 22, 2023 4:19 PM

Bangladesh is facing unprecedented economic challenges in election year

In Bangladesh, Foreign exchange reserves have been continuously declining in recent months while inflation is rising rapidly. According to Bangladesh Bank Data, forex reserves reduced to 23.56 US billion dollar in mid July from 46.15 US billion Dollar in December 2021 While inflation climbed to a record high of 9.02 percent in the recently concluded financial year 2022-23. Due to depleting forex reserves, the government has been forced to implement many ta...