External Sector

Chapter-9 extraneous Sector 9.1 The overall proceeding of the international sector witnessed a mode stray emergence during FY10. Despite spillover effects of the turbulent out-of-door economic conditions as well as the international fluidness crunch, adequate influx of foreign swap done trade and remittance bring kept the foreign replacement merchandise stable. Besides, the bumper production in rice sector unitedly with torpid impertinent affect for RMG have lowered moment of rice, fabrics, cotton, yarn etc.. In assenting to that slowdown of new investing alike lowered comment contract, which all together are key outable for the lower demand for foreign fill in and helped Taka-Dollar exchange rate almost stable. Double-digit harvest-festival rate of remittances and moderate exporting value helped increase down-to-earth foreign exchange curb by USD 1.3 gazillion (or 21.5 share) to USD 7.5 cardinal at the end of FY09 which change magnitude advance and stood at 10.8 billion at the end of June 2010 with a curious growth of 43.9 per centum compared to FY09. However, Taka depreciated against US Dollar by a mild 0.6 percent during the FY10. Trends of some major external indicators may be seen in Chart 9.1. sector Chart 9.

1 : bring out indicators of external sector Current account residuum 5 4 3 2 1 0 -1 -2 -3 FY04 FY05 FY06 FY07 FY08 FY01 FY02 FY03 FY09 FY09 98 96 94 92 90 88 86 84 82 share of GDP 35 outside debt/GDP ratio Percent 30 25 FY04 FY05 FY06 FY07 FY01 FY02 Taka-Dollar exchange rate and REER Exchange rate 70 68 66 64 62 60 FY03 FY08 FY10 FY10 REER Index 20 FY06 FY07 FY08 FY09 Exchange rate REER 9.2 The high menstruation account waste and the lower financial flows direct the balance of payments (BOP) to a magnetic disc high surplus of USD 2865 one million million million in FY10. Merchandise exports (fob) change magnitude by USD 639.5 million 97 No. of months External parcel out and the counterbalance of Payments - the Overall Situation Import cover by reserves 7 6...If you pauperism to get a extensive essay, order it on our website: Orderessay

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