Policy Research Institute (PRI) Executive Director Ahsan H Mansur on Saturday said the USD crisis will not be resolved in January, and it could take at least another six months for the government to deal with this crisis effectively.
“Though it is officially said that the USD crisis will go away within the next month, it will not happen,” he said at a dialogue titled “Economy in crisis: What can the action plan do?” organised by the Centre for Policy Dialogue (CPD) at BRAC Centre in Dhaka.
He continued, “There is uncertainty in exports. Remittances are not increasing even though manpower exports are going up. Alongside, there is also the pressure of debt repayment. Therefore, the crisis will not end so quickly.
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“But if the government can manage everything well, maybe it will take six more months to overcome the USD crisis.”
Regarding the issue of foreign exchange reserves, the economist said the government’s account of the reserves has no international basis, and the reserves now actually stand at $24 billion.
In the context of good governance in the banking sector, Mansur said the government should move away from the soft approach and go for exemplary action.
