Dhaka, Oct. 11 -- Bangladesh sees a significant rise in import orders, with a leap in September, in what is seen as an early indication of the country's economic rebound after months of recession.
However, officials and money-market experts sound alert as the deregulated export resurgence has a domino effect on the country's repleting foreign-exchange reserves, especially as export receipt--one of the two pivots to forex stock--shows signs of some contraction of late.
The increase in the number of LCs (letter of credits) being opened indicates that the pressure on the foreign-exchange reserves will be rising in the months ahead if the current momentum in the forex usage continues, they say.
According to the statistics available with th...
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