Current account deficit hits $1.75b in 10 months

Dhaka,  Wed,  26 July 2017
Published : 12 Jun 2017, 10:53:05 | Updated : 12 Jun 2017, 11:01:53
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Current account deficit hits $1.75b in 10 months

FE Online Report
The country’s current account deficit reached $1.75 billion during the first 10 months of the current fiscal year (FY17).

It was in surplus of $ 3.52 billion in July-April period of the past fiscal year (FY16), according to the latest statistics of the central bank. 

The difference between a nation’s savings and its investment is generally known as the current account.

Surplus in current account balance indicates that the nation is a net lender to the rest of the world, while deficit in the current account balance indicates that it is a net borrower from the rest of the world.

Bangladesh Bank statistics also revealed that the current account deficit was $1.39 billion in the first nine months of the current fiscal year.

 
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