Country’s import-expenditure is mounting though the export earnings do not increase at the desired level. In this certain period, Bangladesh bank is losing the dollar it has, in handling the import pressure. Bangladesh Bank is selling dollars to the commercial banks every day. This information is read from the central bank sources.  

According to the central bank sources, for the last few months, the import cost is increasing but the export earning has declined. The import cost has increased 9% than the last fiscal year, while exports grew only 1.72%. Similarly, the remittance flow declined to 14.48% than the last fiscal year. This trend is still going on. The import cost has increased to 23.83% in August than the August last year. In September, the export earnings declined to 9.83% than the September of the previous year. In this situation, the central bank has sold nearly $100 million to the commercial banks till October 12 this year.          

In this context, Zayed Bakht, Chairman of Agrani Bank, told the Bangla Tribune, ‘If the import of capital equipment increases, then it is very good news for the economy.’ ‘The Padma bridge project has given confidence to the investors which has created a favourable environment in industrialisation. So, they are paying attention to investments’, he added. He noted, ‘Bangladesh Bank is selling dollars because of the demand for investors.’  

Bangladesh Bank spokesperson and executive director Shubhankar Saha told the Bangla Tribune, ‘Around 33 billion dollar of foreign currency is in reserve of Bangladesh Bank. With the amount, it is possible to meet up the import liability of eight months.’