Dhaka, Oct. 4 -- Two pieces of news that surfaced in the pages of newspapers yesterday show that Bangladesh's present economic crisis will deepen even further, inevitably impacting negatively the dollar reserves of Bangladesh Bank. In the last month of September, the economy's two major drivers, export earnings and remittance, fell significantly. As far as export earnings are concerned, Bangladesh registered $3.9 billion in September of FY22-23 whereas exports earnings were $4.16 billion in the same period of the previous year. It is a 6.25 per cent low growth. For the apparel sector, the highest earner of export income, the drop in earnings was even greater, 7.52 per cent.

Similarly the remittance sent by the expatriates through legal c...