Bangladesh’s factories and banks hit by political turmoil
There have been significant difficulties for supply chains reliant on garment factories, accessing USD, banks and the FX rate; however, a new administration could help bring a turnaround.
Bangladesh’s economy went through severe turmoil in July and this is continuing in August, with a student group leading mass protests that, earlier this week, resulted in the ousting of prime minister Sheikh Hasina and her government on August 5. Parliament is currently dissolved while a new interim government is in the making.
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