Dollar slides, global stocks diverge
The dollar tumbled, gold hit a fresh record high and stock markets seesawed Friday as China again retaliated against US tariffs, deepening a trade war between the world鈥檚 two biggest economies.
Tags : dollar
Global stocks, dollar sink
Stock markets and the dollar tumbled Thursday after president Donald Trump鈥檚 latest tariffs salvo against countries worldwide, fanning a trade war that many fear will spark recession and ramp up inflation...
Cuba resurrects dollar-only stores, a symbol of inequality
In communist Cuba, some customers are more equal than others, as a 40-year-old math teacher who was out shopping recently in Havana with his son discovered...
Dollar holdings in banks rise to $4.63b in February
The dollar holdings of Bangladesh鈥檚 commercial banks increased in February, supported by a rise in remittance inflows and export earnings, according to Bangladesh Bank data...
Fruit imports in Bangladesh decline
Fresh fruits imports have been witnessing a declining trend for the past few years, according to the traders, mostly due to raising various types of duties, depreciation of taka against US dollar and inflationary pressure which impacted the living costs...
Banks鈥� dollar holdings inch up in January
The dollar amounts held by Bangladesh鈥檚 commercial banks increased slightly in January after a fall to a five-year and six-month low in December 2024...
Tragedy of commons being repeated on global scale
THE virtually overnight suspension of the US government鈥檚 multibillion dollar foreign aid programme channelled through USAID has been headline news in the US and in other parts of the world where this aid has been very important. In the US itself the suspension of USAID programmes has been accompanied by large scale loss of jobs in the aid sector without due...
Dollar rate for remittance rises
The US dollar rate for remittances has risen again by 50 basis points, reaching Tk聽122.5...
Depreciation of taka
THE persistent depreciation of the taka against the US dollar has become a focal point. This decline, gradual thouhg, has intensified over the past decade, triggering questions about its causes, implications and solutions. While the weakening of the taka has multiple contributing factors, such as non-performing loans from multilateral development banks...
Dollar holdings by banks hit 5-yr low
The dollar amounts held by Bangladesh鈥檚 commercial banks dropped to a five-year and six-month low in December 2024, reflecting the severe impact of Bangladesh Bank鈥檚 mismanagement amid a prolonged dollar crisis...
Global stocks, dollar retreat
European and Asia stock markets mostly fell Monday in jittery holiday trade ahead of a potentially tumultuous 2025 when Donald Trump returns to the White House.
BB identifies reasons behind increased dollar demand
The Bangladesh Bank has identified several factors contributing to the rising demand for US dollars, leading to volatility in the foreign exchange market.
BB to strengthen monitoring of volatile dollar market
Bangladesh Bank on Monday decided to tighten its grip on the volatile foreign exchange market through strict measures and enhanced monitoring systems to restore stability.
Banks鈥� dollar holdings plunge by $1.72b
The dollar reserves held by Bangladesh鈥檚 commercial banks have sharply declined by $1.72 billion in just five months, highlighting the fallout from Bangladesh Bank鈥檚 ineffective strategies amid a crippling dollar crisis.
Dollar price hike: 13 banks asked to explain
The Bangladesh Bank on Sunday sought explanations from 13 commercial banks regarding a sudden surge in dollar prices on the market.
Manipulation alleged as dollar nears Tk 128
The dollar price has surged to nearly Tk 128, fuelled by alleged market manipulation by some banks and money exchange houses, and an increased demand for the greenback ahead of Ramadan, the fasting month of the Muslims.
Dollar rate may jump as BB plans more market-driven policy
The exchange rate of the US dollar in Bangladesh is likely to rise further as the Bangladesh Bank moves towards a more market-driven foreign exchange policy, a condition set by the International Monetary Fund...
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.
Yen rallies, euro up on rising inflation data
The yen rallied against the dollar and the euro also advanced versus the US unit Friday as traders reacted to news of higher inflation in Japan and the eurozone.
Russian ruble slumps past 32-month low against dollar
The Russian ruble slumped to its lowest level against the US dollar in more than two-and-a-half years on Wednesday as it reeled from tensions over the conflict in Ukraine...
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...
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...
Banks鈥� dollar holding hits 21-month low
Dollars held by Bangladesh鈥檚 commercial banks hit a 21-month low in September, driven by a severe shortage of the foreign currency in the country.
Dollar rate shows signs of stability
The dollar rate is showing signs of stability on the market as the country鈥檚 gross foreign exchange reserve has been increasing despite paying nearly $1.5 billion in dues to...
Bangladesh's forex reserve rises by $384m in a month
Bangladesh鈥檚 gross foreign exchange reserve, as per the International Monetary Fund鈥檚 guidelines, increased by $384 million in a month, due largely to higher remittance inflows and a halt in the Bangladesh Bank鈥檚 dollar sales...
Beyond LDC hype: is Bangladesh ready for challenges?
THE World Bank measures per capita national income using the Atlas method. The total national income (GNI) of a country in local currency is converted into US dollars. In this case, the average exchange rate for three years is adjusted, accounting for inflation and fluctuations in the exchange rate. There is often a difference...
Industrial term loan release rises slightly in Jan-March
Industrial term loan disbursements rose marginally in January- March period compared with those in the same period last year, driven mainly by high dollar rates...
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...
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...