A simple study comparing the exports of Pakistan and Bangladesh has busted a myth that a depreciating currency increases exports for a developing nation. jwplayer("jwp-outstream-unit").setup({}); “At least it didn’t happen in Pakistan and Bangladesh’s case,” said CEO Topline Securities, a brokerage house. “Bangladesh’s currency, the taka, has remained stable while the Pakistan rupee depreciated. But Bangladesh’s exports nearly doubled while Pakistan’s exports stood where they were ten years ago.” According to economic books, when the currency of a country depreciates against an international currency, which is the US dollar, it makes input costs such a
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