Dhaka, Bangladesh (BBN) – the Bangladesh Taka (BDT) has appreciated continuously against the US dollar in the recent months despite the central bank’s intervention in the foreign exchange (forex) market.
The BDT appreciated by 2.50 percent against the greenback in the first 113 days of the current calendar year 2013, due to lower import payments and higher growth of inward remittance, the central bank officials and bankers said.
The US dollar was quoted at BDT 77.9550 in the inter-bank forex market on Tuesday against BDT 79.7500 on January 1, 2013, they added.
The country’s overall import payment decreased by 11.07 percent to $21.257 billion in the first eight months of the fiscal year (FY) 2012-13 from $23.903 billion in the same period of the previous fiscal, the BB data showed.
The overall export earnings increased by more than 10 percent to $19.704 billion in the July-March period of FY 13, compared to $17.886 billion in the corresponding period of the previous fiscal.
The country received $813.71 million as remittance between April 1 and April 19 from Bangladeshi nationals working abroad, according to the BB officials.
Bangladesh received $11.116 billion in remittance during the July-March period of FY 13, compared to $9.532 billion in the corresponding period of the previous fiscal.
BBN/SSR/AD-24Apr13-9:28 am (BST)
