120/- per USD

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Written by
1 year ago
11th August 2022, Thursday 

A few days ago I wrote a content "112/- per USD". It has been two weeks of writing today, but during these two weeks the price of dollar has increased from 112/- to 120/-. That is, the inflation of our country is increasing rapidly, which may overtake the currency of Pakistan or Sri Lanka in a very short time. Who can be responsible for such inflation in the country?

Although blaming someone is not the work of a good person, but people of political parties blame each other to cover their own faults. In such a situation of the country, when the common people are blaming the government, the same way the government is blaming them on the world market for Dhaka. Besides, those who are playing the main role for the country's inflation are a class of dishonest businessmen of the country. Those who are constantly increasing the prices of daily commodities abnormally and they are blaming the world market as the reason for the increase in the prices of daily commodities. Although the price of daily commodities in the world market is currently stable.

When I went to the market last week I had about $30 in my pocket. The list of things to buy at the market included rice, eggs, chicken and meat along with cooking oil, and various spices for cooking. Not everything could easily be done for $30, as everything could have been marketed for half that price even last year. But now I go to the market and see a different picture.

Today I am able to trade 70% of what I was able to trade with $30 2 weeks ago with $30. The main reason for this is the new prices of petrol, octane and diesel by the government the day before yesterday. Earlier, one liter of petrol octane or diesel had to cost approximately $0.7 but now it costs $1.1 per liter which is about 40 percent more than before.

Now let's look at the matter a little more clearly, transportation, power generation plants, even various machineries are connected with fuel oil. Now due to the increase in fuel oil prices, initially the cost of vehicles has increased, the prices of fertilizers or other essential products have been increased in the factories, the manufacturers of garments made by various machineries or food grains have all increased the prices of their food products. Farmers have increased the price of crops as they have to pay extra to buy fertilizers.

The government and some unscrupulous businessmen of the country are bringing various products under the syndicate and selling them at higher prices under various pretexts. Various money exchange companies have removed dollars and are creating syndicates of dollars. That is, if a person wants to go out of the country, he will not be able to buy dollars easily because there are not enough dollars in the country's reserves. In such a situation, every dollar has to be purchased at a price 30 to 40 percent higher than the previous price. In this case, it is difficult for freelancers but it is very threatening for the country.

Last 1 week ago I did P2P trading on Binance around $35 and got around 3900/- taka from there. If I had not sold this 35 dollars that day then today I would have got about 4200 Taka from this 35 dollars which is about 3 dollars more than before.

The way our country is moving forward, the common people will not be able to survive in this country for much longer. Because the price of everything is increasing but the salary of their job is not increasing. In that case, they have to eat 2 meals instead of 3 meals, the food does not contain enough nutrients.

In such a situation, one path open to the youth is "to leave the country to live well".

Most of the family members are now thinking of leaving. My uncle and aunt have already applied for UK visas, if they are able to go then maybe I will take their hand and leave the country at some point. Not only me but my thoughts are now in the hearts of most of the freshers.

This is it. Thanks for reading. :)

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Written by
1 year ago

Comments

This is an alarming situation for Asian countries.

Here in Pakistan Inflation is at its peak and the economy is crashing every day. The dollar prices are just increasing meanwhile the Pakistani currency PKR is just dropping.

And, Our politicians are just busy fighting for the Prime minister's chair instead of working on our economy and others problems.

$ 0.00
1 year ago

Same happening with our country! :/

$ 0.00
1 year ago

But current price is 117.+ on Binance. Where is 120/$..?

$ 0.00
1 year ago

In local market, different exchanger

$ 0.00
1 year ago

Yesterday I sell 117/- per USDT. Next Target 130 in this month per USDT

$ 0.00
1 year ago

Yeah, this country is getting worse and tough for living middle class people

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1 year ago