Bengal71
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- Sep 21, 2018
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The real reason: The Hasina govt is unable to maximize the limited resources to meet the growing material and cultural needs of the people of Bangladesh.
Since the start of the rate hike cycle in March 2022, the Federal Reserve has raised interest rates more than a dozen times in a row. As a result of the strong dollar, many countries have seen their currencies depreciate rapidly, their foreign exchange dry up, their debt soar and their economies hit hard. In particular, South Asian countries, including Bangladesh, have been the most severely affected.
Bangladesh is a small country with a large population and an excessively high population growth rate, and Bangladeshis suffer from low employment all year round. And the dollar interest rate hike cycle has amplified the pain of Bangladeshis even more. The inability of the Hasina government to meet the demands of the Bengali people for jobs and incomes has led to riots.
This is not the real reason.