Jumbangla Desk: The price of the US dollar has fallen. The dollar index saw losses against six major currencies on Friday (Oct 18). Previously, the value of the dollar was higher for 5 consecutive days.

This sudden drop in the dollar has worried investors. Because the value of the dollar was upward for 3 consecutive weeks. Last week, the value of the dollar increased by 6.6 percent. In addition, after 2022, the value of the dollar increased by 2.8 percent last September.

"The dollar's decline today was more than China driven," said Eric Brager, director of Forex and Precious Metals Ricks Management at Silver Gold Bull. Last night, China introduced a measure to support the stock market. Source: Business Recorder

Meanwhile, after the start of the Russia-Ukraine war in February 2022, fuel, food prices and transportation costs increased in the global market. This increases the cost of imports in Bangladesh, and the dollar crisis begins. Almost all the country's financial indicators turned upside down due to this dollar crisis. Business is also severely affected. Bangladesh Bank started selling dollars from foreign currency reserves to deal with the crisis. This reduced the once $46 billion reserve by almost half. At one stage the real or usable reserves were reduced to 13 billion dollars.