Bangladesh world’s second in maintaining currency value
Bangladesh ranks second among countries that succeeded in maintaining its currency value, although the rate of currency against the dollar has decreased in almost all countries of the world due to the war between Russia and Ukraine. A study shows that since the beginning of the Russia-Ukraine war, the Indian rupee depreciated by 6.83%, Pakistani rupee by 30.63%, Nepalese rupee by 6.43%, Myanmar kyat by 12.63%, Chinese yen by 5.6%, Thai baht by 9.46%, Japanese yen by 17.32%, South Korean won by 12.07% and Malaysian ringgit by 3.90%, Filipino peso by 9%, Taiwanese dollar by 6.4%, Singaporean dollar by 3.75%, Cambodian real by 0%, Brunei dollar by 3.60%, Turkish lira by 89.37%, Egyptian pound by 14.5%, South African rand by 13.66%, Australian dollar by 9.17%, New Zealand dollar by 10.77%, British pound by 11.86%, European euro by 13.40%, Swiss franc by 8.85% and Swedish kroner by 19.67%.
52,500 tonnes of wheat arrived at Chattogram from India
A ship with 52,500 tonnes of government wheat has arrived at Chattogram Port from neighbouring India. The ship is currently at the outer anchorage of Kutubdia Port. Once the customs clearance and other ancillary processes, including the plant quarantine certificate, are completed on Monday, they will be unloaded at Chattogram Silo by a lighter ship, according to Chattogram Food Department sources. The previous week, another ship brought 52,500 tonnes of wheat. Bangladesh has a demand for 75 lakh tonnes of wheat every year. Of this, 11 lakh tonnes of wheat is produced locally and the rest is imported. From 1 July to 30 April this year, 55.46 lakh tonnes of wheat arrived in the country.
Suez Canal revenues may hit $7b
Egypt expects the Suez Canal’s revenues to reach about $7 billion by the end of the current fiscal year, finance minister Mohamed Maait said on Saturday. Tourism revenues are expected to reach between $10 billion and $12 billion by then.