Brands Increasing Phone Price in Bangladesh : Happening Due to a Low Currency Rate Compared to USD

In Bangladesh, almost all major companies have raised their phone pricing, including Samsung, Xiaomi, Realme, Oppo, Tecno, itel, and Walton. Some brands have stated that it is due to the depreciation of the Bangladeshi Taka against the US Dollar. In the ten years that we’ve been in the mobile phone business in Bangladesh, we’ve never witnessed such a dramatic price increase by practically all brands. Here we will feature breaking news on why Brands Increasing Phone Price in Bangladesh : Happening Due to a Low Currency Rate Compared to USD.

This news may drastically impact customer excitement in purchasing new phones, putting the phone industry in trouble. Why is there such an increase when all of these brands manufacture their phones at their own factories in Bangladesh? Of course, many of the phone components must be imported, but they come from China. So, what does this have to do with the price drop in relation to the US Dollar?

This article’s potential to cover the complexities of monetary economics is limited. In a nutshell, the United States Dollar remains the world’s most important currency. Because we no longer have currency with intrinsic value, as we had with gold and silver, the value can be affected, altered, or even manipulated for the benefit of other parties.

So, as long as we don’t have currency that can be measured by its own intrinsic value, and our currency is dependent on a third party currency, there is no guarantee of a stable economy and market price. This was meant to happen sooner or later. Especially now, when the world economy is going through some major changes and uncertainty, the currency of the developing countries without any independent monetary strategy to protect the value of their currency and resources are in most danger.