Bangladesh is the second in the world to maintain the value of its currency: AL
Bangladesh ranks second among the countries that have managed to maintain the value of its currency, although the exchange rate against the dollar has declined in almost all countries in the world due to the war between Russia and the Ukraine, says the Awami League (AL).
According to a study by the AL Information and Research Subcommittee, Cambodia ranks first in the world and Bangladesh ranks second among countries with the lowest currency depreciation.
The study claims that since the start of the Russian-Ukrainian war in March, the currency of Bangladesh has depreciated by 3.41% and that of Cambodia by 0%. As a result, the value of the Bangladeshi currency has risen against all other countries except a few.
Bangladesh’s prime minister has put the country’s economy on a solid footing by maintaining the exchange rate, said AL Information and Research Secretary Salim Mahmud.
The research paper was presented at a meeting of the party’s information and research subcommittee at the AL chairman’s Dhanmondi office on Saturday afternoon.
The study shows that since the start of the Russian-Ukrainian war, the Indian rupee has depreciated by 6.83%, the Pakistani rupee by 30.63%, the Nepalese rupee by 6.43%, the Myanmar kyat by 12.63%, the Chinese yen by 5.6%, the Thai baht by 9.46%. %, Japanese yen 17.32%, South Korean won 12.07% and Malaysian ringgit 3.90%, Philippine peso 9%, Taiwan dollar 6.4%, Singapore dollar 3.75%, Cambodian real 0%, Brunei dollar 3.60%, Turkish lira 89.37%, Egyptian pound 14.5%, South African rand 13.66%, Australian dollar 9, 17%, the New Zealand dollar by 10.77%, the British pound by 11.86%, the European euro by 13.40%, the Swiss franc by 8.85% and the Swedish krona by 19.67% .
Not only maintaining the exchange rate, but the value of the Bangladeshi taka has also increased against the currencies of many countries around the world, according to the study.
According to research data, the value of the Bangladeshi taka has risen against the currencies of almost every country in the world except Brazil, Russia, and Cambodia.
The value of the Bangladeshi taka increased by 13.86% against the Japanese yen, 10.94% against the euro, 2.73% against the Indian rupee, 8.07% against the British pound , 6.45% against the Australian dollar, 1.32% against the Chinese yuan, 2.94% against the Canadian dollar. , 9.38% against the South Korean won, 11.97% against the Danish krone, 21.69% against the Argentine peso, 4.92% against the Swiss franc and 7.47% against the New Zealand dollar.
However, the value of the Russian ruble and the Brazilian real against the dollar rose during the period.
Salim Mahmud said that after the Covid pandemic, the whole world is going through a deep economic crisis and instability due to the war in Ukraine. At this critical time, the BNP and its allies want to spread rumors and propaganda in Bangladesh and create instability in the country. We must resist their plot in the name of our national interest.
During the meeting, a member of LA Information and Research Sub-Committee and also Chairman of Bangladesh Satellite Company, Shahjahan Mahmud presented information against various propaganda regarding Bangabandhu satellite.
He said the state saves a huge amount of foreign currency as TV channels in the country use the services of Bangabandhu Satellite. It is propaganda that he makes no profit.
Research Sub-Committee Member and also Chairman of Janata Bank Mahfuzur Rahman, Bangladesh Board Chairman Biman Sajjadul Hasan, University Grants Committee Member Biswajit Chanda and several Sub-Committee members were also present at the meeting .