Economy / Bangladesh
If you would like to subscribe to Emerging Markets Monitor and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Emerging Markets Monitor please click on the trial link below.
BDT: Strong Remittances To Maintain Taka Stability
May 2008 | Currency ForecastSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Emerging Markets Monitor and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Emerging Markets Monitor please click on the trial link below.
The taka should remain stable at around BDT68.60/US$, as it has for much of 2007. Resistance exists at BDT67.80/US$, and support at BDT69.00/US$. In the event of renewed volatility, which could be triggered by dramatic political developments, Bangladesh Bank (BB - the central bank) would step in to stabilise the currency.