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Independent Review of RBD Bangladesh's Development Prudent Exchange Rate Management: Call of the Day □ REER of BDT was consistently higher vis a vis Bangladesh's competitors (with 2010 as base year) REER of Selected Developing Countries 155 145 135 125 115 105 95 85 75 65 Jan-10 BDT CNY KHR LKR NPR PKR IND VND Aug-10 Mar-11 Oct-11 May-12 Dec-12 Jul-13 India Feb-14 Sep-14 Apr-15 Nov-15 China VietNam Jun-16 Jan-17 Aug-17 Mar-18 Oct-18 May-19 Dec-19 Jul-20 Feb-21 Sep-21 Apr-22 Source: Bruegel (2022) CPD (2022): State of the Bangladesh Economy in FY2021-22 (Third Reading) Bangladesh Cambodia Pakistan Sri Lanka 87

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