On the parallel market, the country currency is shifting into the other direction. An US Dollar will cost you 81 takas.
With a strong influx of hard currency from foreign workers remittances this is counter intuitive. So what is happening?
Answer is simple. Rich Bangladeshis are already voting with their feet and they are buying abroad in Singapore, Dubai or Kuala Lumpur. They learned their lesson from the anti-corruption crackdown during the last military backed caretaker government. No matter the price of foreign currency, they need an exit plan and a rainy day fund.
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