Bangladesh stares at exports revenue loss due to ‘reality’

For the first time in Bangladesh’s history, the government accepts the annual exports will dip, blaming it on two major currencies that have lost value.

Abdur Rahim Badal Chief Economics Correspondentbdnews24.com
Published : 5 July 2015, 02:17 PM
Updated : 6 July 2015, 08:49 PM

The volume, says EPB chief Shubhashish Bose, will not be down, but weaker euro and Russian ruble will mean the exporters will take home much less. The FY 2016 target will get formal approval at a meeting on Wednesday (Jul 8, 2015).