Businessmen involved in import-dependent industries that have suffered losses due to the depreciation of the local currency against the US dollar will get up to eight years to repay their loans.
The fluctuation indicates that the growth of the economy, when measured in dollars, has been lower than initially projected, due to the weakening of the taka.
Both global and local macro-challenges can have serious implications for the people of Bangladesh
The US dollar has now surpassed the Tk 100 mark, and Bangladesh Bank is making contradictory moves to deal with the situation.
One dollar now costs almost Tk 100. The taka has been losing its value against the US dollar for months, with no signs of it changing.
Bangladesh Bank injected $42 million into the market yesterday to help banks settle import bills and prevent a fall of the taka, said a central bank official.
Businessmen involved in import-dependent industries that have suffered losses due to the depreciation of the local currency against the US dollar will get up to eight years to repay their loans.
The fluctuation indicates that the growth of the economy, when measured in dollars, has been lower than initially projected, due to the weakening of the taka.
Both global and local macro-challenges can have serious implications for the people of Bangladesh
The US dollar has now surpassed the Tk 100 mark, and Bangladesh Bank is making contradictory moves to deal with the situation.
One dollar now costs almost Tk 100. The taka has been losing its value against the US dollar for months, with no signs of it changing.
Bangladesh Bank injected $42 million into the market yesterday to help banks settle import bills and prevent a fall of the taka, said a central bank official.
