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Export prospects of Rajshahi s jute bright

Record price makes jute farmers jubilant in Rajshahi | Bangladesh Sangbad Sangstha (BSS)

farmers happy because they never thought about the unprecedented price of the cash crop in the region. At present, jute fiber is being sold at Taka 5,200 to 6,000 per mound at different hats and bazaars everywhere in the region creating a hope of getting back in the golden era of the cash crop in near future. Market price of jute was Taka 1,600 to 1,800 per mound during the initial stage of harvesting and the price has stood to around Taka 6,000 at present which is the highest ever in the country’s history, said Imran Ali, 54, a farmer of Borgachhi village under Paba Upazila.

Bangladesh forex reserves top $42 billion in pandemic

  Abdur Rahim Harmachi, Chief Economics Correspondent,  bdnews24.com Published: 15 Dec 2020 09:50 PM BdST Updated: 15 Dec 2020 09:50 PM BdST Bangladesh’s foreign currency reserves have reached another milestone despite the coronavirus pandemic. ); } The forex reserves at the Bagnladesh Bank stood at $42.03 billion after the end of Tuesday’s business hours. Kazi Saidur Rahman, a deputy governor of the central bank, said the achievement was possible mainly due to the remittances sent by Bangladeshis working abroad. Growth in exports and foreign loans also contributed to the rise of the reserves, he added. Zaid Bakht, a researcher at Bangladesh Institute of Development Studies, said that a drop in import also helped the forex reserves to grow.

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