Bangladesh economy seen threatened by weak taka
12/20/2011 11:59:55 AM
DHAKA: Bangladeshi economic officials said Monday that the economy is threatened by a further weakening of taka which has lost 14 percent against the U.S. dollar over 2011.
The currency fall led to soaring import costs and put pressure on the balance of payments, but authorities said that at the moment there is little they can do to contain the trend.
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