Chief Adviser Dr. Muhammad Yunus, give speech on July Uprising Day and highlighted economic achievements of the interim government. He announced that the inflation rate had dropped to 8.48% in June—the lowest in 35 months and expressed hope of reducing it to 6% by December. He emphasized improvements in remittance, exports, the exchange rate, and foreign investments, marking a notable recovery in the country’s economy.
On the occasion of July Uprising Day (5 August), Chief Adviser Dr. Muhammad Yunus outlined the interim government’s progress in stabilizing Bangladesh’s economy, calling inflation control the administration’s “biggest challenge. He said,
“In June this year, the country’s overall inflation rate fell to 8.48% — the lowest in the past 35 months. This marks the fourth consecutive month of a steady decline in overall inflation.”
Dr. Yunus expressed optimism that inflation would drop to 6% by December, despite earlier challenges caused by a fragile economy and devastating floods. He revealed that food inflation had once reached nearly 14%, but has since fallen to half that rate. He also pointed to growing trust among expatriates in the interim administration, which has helped stabilize the currency market. He noted that,
“In the last fiscal year, a record $3.33 billion in remittances was sent through banking channels. Export earnings grew by nearly 9%.”
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Yunus added,
“As a result, the taka has strengthened. For the first time in years, the exchange rate of the taka against the dollar is rising. In the past 11 months, $4 billion — the highest ever — was paid in interest and principal to foreign creditors.”
He also said,
“Even after clearing old dues, our foreign currency reserves are increasing. We hope this trend will continue in the future.”
Speaking on foreign direct investment, he said,
“Various initiatives taken to boost foreign investment have led to Tk10,500 crore in foreign investment in the first three months of this year — more than double compared to the same period last year.”
He further said,
“From October onward, in six months, foreign direct investment has reached Tk16,500 crore — double the amount recorded in the last six months of the previous government’s tenure.”
Source: TBS
