Letters to the Editor

Monitoring Ramadan market

Md. Mominul Hoq Mumin, Department of Finance, University of Dhaka
The ministry of commerce has banned the export of chilies for the month of Ramadan which is really a praiseworthy decision. Every year we see a sudden hike in the prices of the essential commodities from the very beginning of Ramadan. Especially middle and lower income people can't afford to buy the necessary items because of high price. However, the government has fixed the prices of oil, dates, etc. Now, what makes it challenging, is, the monitoring of the implementation. Other necessary items like brinjal, spices, juice, fruits, etc., should also be priced fairly at least during Ramadan. If necessary, a special committee can be formed for price fixing and monitoring the market, in order to make sure that these are traded as per regulation. Any noncompliance should result in serious punishment.