BANGLADESH: EURO FALL COMPOUNDS PRODUCTION PROBLEMS CAUSED BY POLITICAL STRIFE
February 8th, 2015
BANGLADESH’S textile and clothing exporters, who are still reeling from the impact of continuing political unrest in the country, now face a second shock wave: the free fall of the Euro.Industry lobbyists and analysts fear the European single currency’s decline in value will cut exporters’ profit margins, weakening their ability to compete in the 19 counties using the Euro. Analysts say that Bangladeshi exporters may have to resort to currency hedging and market diversification to maximise sales and returns.Data from the country’s central bank, the ...
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