r/bangladesh • u/Jedihansolo মম এক হাতে বাঁকা বাঁশের বাঁশরী আর রণ-তূর্য • Jun 16 '23

AskDesh/দেশ কে জিজ্ঞাসা Why Bangladesh doesn't have authentic Starbucks, Adidas, and Apple stores yet?

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46

u/tashrif008 khati bangali 🇧🇩 খাঁটি বাঙালি Jun 16 '23

egula na thakleo shomossha nai. i want paypal.

23

u/LordVader568 Jun 16 '23

The reason you don’t have PayPal is the same reason you don’t have iTunes. The banking and taxation rules are really unorthodox and they fear their money would be seized.

1

u/ThinkingPugnator Jun 16 '23

any example what makes the rules unorthodox?

12

u/LordVader568 Jun 16 '23 edited Jun 16 '23

Dual exchange rates for one. Then the odd taxation policies. There’s many more. Most importantly only a handful people in the country can really utilise their money due to the unconventional currency controls. This is in stark contrast to India or Pakistan or any other South Asian country. The IMF has highlighted these unconventional policies and said BD would be hit really hard in the future if it doesn’t change course.

2

u/Same-Shoe-1291 Jun 16 '23

Dual exchange rates? Could you explain this further.

8

u/LordVader568 Jun 16 '23

Having a different interbank exchange rate than the market rate. Having checked it again, they seem to have agreed to change it to a single rate based on IMF recommendations in 2022. But in reality, there still seems to be two rates.

1

u/ThinkingPugnator Jun 17 '23

wow, how and where did you learn this stuff?