Bangladesh recently depreciated the value of Taka for the third time in the view of the greenback in May. As per an Apparel Resources report, the value of Taka was depreciated by 0.40, re-fixing the local currency’s exchange rate against the US dollar at Taka 87.90.

Reports by the media claim, the concerned people have observed the disruption in the global supply chain caused by the Ukraine-Russia war in February.

The war led to a rise shipment costs and in turn led to increased demand for the US dollar even as prices of all kinds of commodities in the global market were going up owing to increasing demand all over the world in the wake of improvement in the pandemic situation.

As a result, like in many countries across the world, local currency of Bangladesh also started to lose value against the greenback.