2022: a year of revival, struggle and resilience

Bangladesh welcomed 2022 on a strong footing and was about to recover from the coronavirus pandemic in full swing and fire on all cylinders. In fact, economic activities were almost back to the pre-Covid level.   But the outbreak of the Russia-Ukraine war upended the recovery. The impacts of the conflict were so deep that Bangladesh soon found itself confronting one of the most difficult periods in recent memory or perhaps in its history. The foreign currency reserves slid amid a surge in import bills as commodity prices rocketed in the global markets. The exchange rate went past Tk 100 per US dollar and even hit as high as Tk 110 as the shortage of the American greenback deepened.

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