High inflation – Low reserve – Weak currency risk spiral of economic downturns in Bangladesh
Bangladesh’s currency, the Taka or BDT, continues losing value, most rapidly since May 2022, when it was traded at 90.09 for one EUR on the 13th May 2022 and 122.05 on the July 14th 2023, a loss over 35% of it’s value. Similar trends recorded against almost all global major …