NRBs allowed to open accounts in any currency
Bangladesh Bank on Sunday allowed Non-resident Bangladeshis (NRBs) to open bank accounts in all usable foreign currencies...
Tags : currency
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.
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...
Japan, US blame North Koreans for $300m crypto theft
A North Korean hacking group stole cryptocurrency worth over $300 million from the Japan-based exchange DMM Bitcoin, according to Japanese police and the United States鈥� FBI.
US president-elect Trump threatens 100% tariff on BRICS countries over currency plans
US president-elect Donald Trump on Monday threatened to impose a 100 per cent tariff on the BRICS group nations if they undercut the US dollar.
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...
4 arrested for forging stamp, currency
The detective branch of Dhaka Metropolitan Police on Tuesday announced the arrest of four members of a syndicate involved in counterfeiting of stamps and currency.
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...
US orders FTX, Alameda to pay $12.7b to victims
Failed cryptocurrency platform FTX Trading and affiliate Alameda Research must pay $12.7 billion to compensate customers and fraud victims under a consent order, US regulators announced Thursday...
Trump offers tech sector policy flips ahead of election
Fiercely against social media platform TikTok, cryptocurrency bitcoin and electric cars during his presidency, Republican presidential nominee Donald Trump has recently flip-flopped on several issues that are dear to Silicon Valley...
2 members of fake currency gang arrested
Detective Branch of the Barishal Metropolitan Police on Thursday arrested two members of a fake currency gang along with fake foreign currency and motorcycle at a residential hotel in the city...
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...
Cash outside banks keeps soaring
The amount of cash held outside the country鈥檚 banks increased for the fifth consecutive month in April amid low confidence of depositors in the banking sector and inflationary pressures....
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...
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...
Financial account deficit surges to $9.26 billion
The country鈥檚 financial account deficit surged to $9,258 million in July-March, the first nine months of the current financial year 2023鈥�24, against a deficit of $2,928 million in the same period of FY23...
Russia extends mandatory forex conversion for major exporters
Russia on Saturday said it would require major exporters to carry on converting the bulk of their foreign聽currency聽earnings into rubles for another year to...
Impact of currency swap
In聽January 2024, the Bangladesh Bank issued the monetary policy for the second half of the 2023鈥�24 financial year. In it, the central bank aims to adopt a crawling peg to curb exchange rate volatility, raise the policy interest rate...