Libor Scandal

  Prepared by- H.M. Kawsar Alam               ID: 80117010 Analysis of Annual Report of Bangladesh Bank The outer empyrean witnessed a subdue growth during FY09 and FY 10.  Despite spillover personal effects of the turbulent external economic conditions as well as the globular liquidity crunch, adequate inflow of foreign qualify with exporting and remittance channels kept the foreign modify foodstuff almost stable. Reserves Double-digit growth rate of remittances and moderate export receipts helped increase gross foreign tack check by USD 1.3 billion (or 21.5 per centum) to USD 7.47 billion at the subvert of FY09 which increase further and stood at 10.8 billion at the mop up of June 2010 with a remarkable growth of 43.9 percent compared to FY09. However, due to ACU payment, vast implication pressure and maintaining the liquidity in the local Forex market the militia stood at USD 10912.0 million at the end of FY11 which is 1.5 percent higher(prenominal ) than USD10,750.0 million of the same period of FY10. Exports (fob) Total exports in FY09, FY10, FY11 had a moderate growth. Aggregate exports increased by 10.3 percent in FY09 to USD 15565.2 million from USD14110.8 million in FY08, by 4.1 percent in FY10 to USD 16204.7 million from USD 15565.2 million in FY09, and by 41.5 percent in FY11 to USD 22924.

4 million from USD 16204.7 million in FY10. Apparels (woven garments and knitwear products) continued to select an whelm  share of the export basket in in all the years. The destinational ensample of  exports excluding those from EPZs  showed continued heavy dependence on the markets in the EU bloc and the NAFTA bloc. Imports (fob) Import payments (fob) in FY09 stood at USD ! 20291.0 million registering a growth of 4.2 percent compared to USD 19481.0 million in FY08. Except support grains & other food items, all other importable items indulge spay degrees of rise in the aggregate imports during FY09 over FY08 . in FY10 stood at USD 21388.0 million registering a growth of 5.4 percent...If you want to get a full essay, order it on our website: OrderEssay.net

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