Taka Strengthens Against USD After Five-and-a-Half-Year Downturn

The Bangladeshi taka has strengthened against the US dollar after five and a half years, according to the Bangladesh Bank. The currency has appreciated by over 1% in the interbank market.

The strengthening of the taka comes as the country's foreign exchange reserves have reached an all-time high, which is seen as a positive sign for the economy.

Experts attribute this development to the government's measures to boost exports and attract foreign investment. However, they also caution that the appreciation of the currency may not be sustainable in the long term.