[auntu]

Originally Posted by PoorFan
I rather would suggest them to buy as much dollars as they can now, because big East Asian economy ( China, Japan, Korea, Taiwan etc. ) hugely depends on strong dollar. Dollar has [almost] hit the bottom of its value already and no way it can remain so or go down for long time. Already Japanese economy got hit by huge export revenue deficiency because of poor dollar exchange rate, so its highly unlikely that the dollar value will remain cheap for long time.

And few moths ago I also read somewhere in newspaper that buying European currencies or gold was in BB's consideration, but not sure if they actually did it. BB or our local banks should gather huge idol Taka in local market and buy dollar as much as they can so that the benefit of exchange rate may come in few weeks later.

Not a bad call.

Still what the Governor is trying to do with the reserve is one of the few options in his hand. It's a critical juncture of time and I hope and pray IMF and WB's advice would be blown in the wind.