News / Letter from Bangladesh: forex dilemmas; bigger ships and banned ships

© Natanael Alfredo Nemanita Ginting

Bangladesh air freight forwarders are in a dilemma over the exchange rate of the US dollar against the local currency, the taka, which is costing them some Tk4 to Tk5 (about $0.04) per dollar when they pay airlines.

The forwarders are demanding that the freight rate should be fixed in the local currency instead, as it is in some other countries, including in South Asia.

On Monday, they wrote to the governor of the central bank saying due to conversion rate ...