Record inflow of remittance raises reserves to $25b
Foreign currency reserves have crossed $25 billion mark before the end of March thanks to a record inflow of remittances this month.
Tags : Foreign currency
Forex transactions thru cards cross Tk 800cr
The volume of foreign currency transactions made through cards surpassed Tk 800 crore in December 2024, the first time in a year, as increased outbound travel during the holiday season boosted spending...
Forex transactions thru cards drop in Nov
The volume of foreign currency transactions made through cards declined in November compared with that in the previous month...
Dollar holding by banks dips
Dollars held by Bangladesh鈥檚 commercial banks hit a more-than-two-year low in October, driven by a severe shortage of the foreign currency in the country...
BB raises limit for private travel foreign currency exchange
The Foreign Exchange Policy Department of the Bangladesh Bank has issued three new directives concerning foreign currency exchanges for private travel entitlements through licenced money changers...
No compulsory interest rate for dollar accounts
The Bangladesh Bank on Thursday withdrew the compulsory interest rate system for resident foreign currency deposit accounts, allowing banks the flexibility to set rates in direct negotiations with customers...
Promises and pitfalls
THE Offshore Banking Act 2024 that was enacted in March marks a significant transformation in the country鈥檚 financial sector. This legislative measure aimed at increasing foreign currency reserves can attract international investment and facilitate the modernisation of the banking sector. However, it creates a complicated set of strategic imperatives...
Breakthrough likely in China support for Bangladesh鈥檚 forex reserve: envoy
The Chinese ambassador to Bangladesh, Yao Wen, on Thursday said that prime minister Sheikh Hasina鈥檚 forthcoming visit to China was expected to make a...
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...
Checking inflation biggest challenge in FY25: EAB
The Exporters Association of Bangladesh on Tuesday said that controlling inflation would be the biggest challenge in the upcoming financial year as foreign currency reserve of the country had depleted...
Forex holding by banks hits 14-month low
The volume of foreign currencies held by the country鈥檚 commercial banks hit a 14-month low in April due to increased demand, driven by a severe shortage of dollars...