Bangladesh’s trade competitiveness at the global level has improved recently on the back of Real Effective Exchange Rate (REER) of Taka showing signs of stabilising even if as per data, REER rate of the Taka against a 15-currency basket of its global trading partners dropped further last February after stabilising in the recent days, thanks to a host of measures being undertaken in this direction.
This is as per media reports, which added increase in a country’s REER indicates its exports are getting expensive and imports cheaper even if it is also an indicator of the global competitiveness of a country in comparison with its trade partners.
Meanwhile, data from Bangladesh’s central bank (Bangladesh Bank) showed REER of Taka against a 15-currency basket of its global trading partners dropped last February even as the REER index fell from 102.29 in January to 101.51 in February consequent to the Taka depreciating more compared to currencies of its peer trading-partner economies across the globe.
