increasing exchange rate in Bangladesh: Causes and impact in BD economy.

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increasing exchange rate in Bangladesh: Causes and impact in BD economy.

  1. 1. WELCOME
  2. 2. GROUP NAME: ‘SYNERGY’NAME IDMD. SALIM AHMED 07302120MD.ARIFUL HAQUE CHOWDHURY 07302037MD. TANBIR AHMED 07302030
  3. 3. Increasing of Exchange rate inBangladesh: Causes and Impactin BD Economy.
  4. 4. An exchange rate is the current marketprice for which one currency can beexchanged for another
  5. 5. Exchange rate system Fixed Floating PeggedExchange Exchange Exchange rate rate rate
  6. 6. Factors Determining the Exchange rate Foreign Exchange reserve Export Balance of & Payment Import Exchange rate
  7. 7. Current trends of exchange rate against US Dollar
  8. 8. Current scenario of Exchange rate in Bangladeshagainst world major currenciesConvert from Convert to Exchange rate As OfBangladeshi Taka US Dollar 0.01217 5/25/2012 3:00 AM(BDT)Bangladeshi Taka Canadian dollar 0.01250 5/25/2012 3:00 AM(BDT) (CAD)Bangladeshi Taka Australian Dollar 0.01246 5/25/2012 3:00 AM(BDT) (AUD)Bangladeshi Taka Indian Rupee (INR) 0.67648 5/25/2012 3:00 AM(BDT)Bangladeshi Taka Euro (EUR) 0.00971 5/25/2012 3:00 AM(BDT)Bangladeshi Taka British Pound (GBP) 0.00777 5/25/2012 3:00 AM(BDTBangladeshi Taka Saudi Riyal (SAR) 0.04564 5/25/2012 3:00 AM(BDT)Bangladeshi Taka Japanese Yen (JPY) 0.96912 5/25/2012 3:00 AM(BDT)
  9. 9. Causes of increasing Exchange rate in Bangladesh Reducing Foreign Reserve Trade Deficit Reducing FDI
  10. 10. High Subsidy in Quick rental power plant for importing furnace OilForeign aid (receipt and Payment)Money laundering
  11. 11. Foreign reserve (2010-12)12000 11174.4 11158.6 11316.4 10730.6 10381.7 10066.8 1019310000 9634.9 9386.5 9579.48000600040002000 0 December january February March April 2010-11( In million US $) 2011-12 (In million US $)
  12. 12. FDI inflow (1996-2011)
  13. 13. Foreign aid: Receipt and payment (in crore $,july –Novembor) receipt payment with interest61.42 41.38 2010-11 2011-12 -36.86 -40.93
  14. 14. Impact of increasing exchange rateInflationIncreasing the cost of productionDecreasing the competitivenessDecreasing standard of living
  15. 15. Recommendation Discourage import of luxurious goods like-expensive smart phone, IT product, Automobiles, furniture etc. Bangladesh bank must keep foreign reserve above 10 billion. Investment board must takes sufficient initiatives to attracts more & more FDI. Strict rules must be enforce by Bangladesh bank to stop money laundering. A Special fund should be formulate to meet call up money or provide liquid money by Bangladesh bank or IMF. Free flow of remittance must be ensured. Minimize trade deficit Devaluation of taka must be balanced. Need sound govt. policy and implementation of policy.
  16. 16. Thanks For Being With Us

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