Global stocks, dollar diverge before key US inflation data
Major stock markets and the dollar diverged Wednesday before US inflation data that could help indicate the size of an expected interest-rate cut from the Federal Reserve next week...
Tags : Dollar
BB gives IBBL $1.1b worth liquidity against fake dollar buying
Bangladesh Bank has provided total $1.1 billion equivalent in financial support to Islami Bank Bangladesh Limited since January based on a massively fraudulent dollar purchase quotation.
Offshore banking gains ground amid dollar crisis
Offshore banking is becoming increasingly significant in Bangladesh, emerging as a pivotal sector for attracting foreign currency through enhanced investment and international trade facilitation...
Interbank dollar rate raised to Tk聽120 each
The Bangladesh Bank has increased dollar rate to Tk聽120 each, responding to rising demand and low supply of the greenback in the market...
BB loses Tk聽55cr in dollar deal with Islami Bank
The Bangladesh Bank knowingly incurred a loss of Tk聽55 crore by purchasing dollars at a higher rate than it sold to Islami Bank, according to a central bank鈥檚 inspection report...
LC opening rises slightly in FY24
The opening of letter of credit (LC) for imports increased in the financial year 2023-24 compared with that of in the year 2022-23 despite the central bank鈥檚 restrictive measures and a dollar crisis on the market...
Global stock markets plunge on US recession fears
Wall Street stocks deepened their losses Monday and Tokyo had its worst day in 13 years as panic spread across trading floors over fears of recession in the United States...
Dollar price hits Tk聽124 on kerb market
The dollar rate on the open market, also known as the kerb market, rose by over Tk聽4 in the past three days to reach Tk聽124 a dollar on Tuesday amid unrests centring quota reform protests...
Dollar price rises to Tk 121.5 on kerb market
The dollar rate on the open market, also known as the kerb market, rose by over Tk 1.5 to reach Tk聽121.5 a dollar on July 25 amid unrests centring quota reform protests across the country...
Thailand unveils billion-dollar handout scheme to boost economy
Thailand鈥檚 government unveiled a billion-dollar handout scheme聽on Wednesday that it hopes will boost the flagging聽economy聽but warned recipients would not be allowed to spend the money on marijuana, jewellery or lottery tickets...
Interbank forex transaction dips amid dollar crisis: BB
Interbank foreign exchange market transactions plunged to $16.7 billion in the July-March period of the 2023-24 financial year due to scarcity of dollars in the market...
Dollar crunch compels BB to sell $12.8b to banks in FY24
The Bangladesh Bank sold $12.8 billion from its foreign exchange reserves to banks in the just concluded financial year 2023-24 amid a severe dollar crisis in the country鈥檚 financial sector...
Remittance inflow to Bangladesh hits $23.9b in FY24
Remittance inflow to Bangladesh increased by $2.3 billion in the 2023-24 financial year compared with that in the previous financial year amid a rise in dollar rate...
Industrial credit release rises over dollar price hike
Industrial loan disbursements increased slightly by 10 per cent in the first half of the 2023-24 financial year compared with those in the same period of FY聽2022-23, driven mainly by high dollar rates...
The reign of the dollar
IN EARLY June, a rumour began to circulate 鈥� which was widely reported in the Indian press as true 鈥� that the government of Saudi Arabia had allowed its...
Bangladesh's dollar crisis linked to $7-8b capital flight: ex-minister
Finance minister Abul Hassan Mahmood Ali said on Thursday that they had to follow the World Bank for foreign currencies, while former state minister for...
Dollar holding in banks drops for 4th straight month
The foreign currency reserves held by Bangladesh鈥檚 commercial banks have declined for the fourth consecutive month in May, driven by a severe shortage of...
Suspicious transactions, capital flight growing
Suspicious transactions linking to money laundering are growing in the county amid the resource crunch caused by a persistent dollar shortage.
FY25 budget size $3b less than FY24 budget for devaluation of taka
The national budget proposed by the government on Thursday is approximately $3 billion less than the budget proposed for the previous financial year...
Dollar crisis deepens economic woes in Bangladesh
The persistent dollar crisis in Bangladesh has exacerbated various economic issues, including inflation, rising business costs, an energy crisis, and mounting government foreign debt payments...
Manufacturing sector hit by high inflation, dollar crisis: MCCI
The manufacturing sector of the country has been hindered by lower consumption in both domestic and external level amid high inflation, import restrictions due to a dollar crisis and shortage of gas and electricity over the past few months, according to the Metropolitan Chamber of Commerce and Industry鈥檚 economic review...
Interest payment doubles in 10 months
The payment of interest by the government against foreign loans became more than double in the first 10 months of the outgoing FY24 against the backdrop dollar shortage...
40,000 dollars recovered from Faridpur septic tank
The police on Friday detained a person named Mehedi Hasan Tamim, 27, from the Bhanga area in Faridpur, on charges of stealing $40,000 from an engineer鈥檚聽 house in Dhaka.
Govt to purchase 261 cars for Tk 381cr amid dollar shortage
The government is going to purchase 261 vehicles at Tk 381 crore from the state-owned assemblers Pragati, said public administration minister Farhad Hossain on Wednesday...
CPB blames lack of good governance for economic failure
Politicians, academics and professionals on Wednesday at a discussion said that lack of good governance was responsible for the economic failure of the country and the increase of dollar price and abnormal increase of prices of essential commodities were secondary causes...
PM apprised of debt payment challenges
The latest depreciation of the local currency by Tk 7 against the US dollar will push up the foreign loan payment from the initial projection in the new...
Dollar rate jumps to Tk聽125 each on kerb market
The dollar rate on the open market, also called as kerb market, saw a sharp rise on Thursday, with the rate rising by Tk聽7 a dollar to reach Tk聽125 a dollar following the Bangladesh Bank鈥檚 decision to raise the official rate of the greenback to Tk聽117 in the previous day...
Bangladesh Bank raises dollar rate to Tk 117
Bangladesh Bank on Wednesday devalued the local currency significantly to Tk 117 against each US dollar as it introduced the much-talked-about Crawling Peg Exchange Rate System for buying and selling dollars...
BB opens lending rate to market amid IMF pressures
The Bangladesh Bank on Wednesday scrapped its SMART rate policy of determining lending rate and shifted to the market-based approach amid International Monetary Fund鈥檚 pressures...
Debt payment threatened amid dollar shortage: Debapriya
Restricting access to data will not serve the interests of the majority of people already under pressure because of decade-high inflation, while the dollar shortage threatens...