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Home News Industries

Common currency in South Asia deemed infeasible now

NEWSROOM by NEWSROOM
March 21, 2024
in Industries, South Asia
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“When you introduce a currency, you have to take the liabilities as well,” Md Habibur Rahman, chief economist of Bangladesh Bank, said

A common currency in the South Asian region, like the euro for European nations, is not possible right now due to trade, economic condition, culture and regional differences in these countries.

In a panel discussion in the Fourteenth South Asia Economic Summit titled “Macroeconomic Cooperation and the Possibility of a Common Currency,” speakers came up with this view. 

The two-day summit organised by the CPD on “Reframing South Asian…



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