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...
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...
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...
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 linking to money laundering are growing in the county amid the resource crunch caused by a persistent dollar shortage.
The national budget proposed by the government on Thursday is approximately $3 billion less than the budget proposed for the previous financial year...
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...
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...
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...
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.
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...
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...
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...
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 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...
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...
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...
The national budget for the financial year 2024-2025 will be announced on June 6 in parliament against the backdrop of persistent dollar shortages and...
The yen rebounded Monday from a 34-year low against the dollar after what some traders speculate could have been the first intervention by Japanese authorities to support the weakening currency since late 2022...
The volume of foreign currencies held by the country鈥檚 commercial banks dropped in March amid increased demand, driven by a severe shortage of...
IN THE aftermath of the prolonged conflict between Russia and Ukraine and the aggravating Middle East crisis, where escalating humanitarian crises compound existing tensions, the global landscape has undergone...
The Bangladesh Bank has received about $1.48 billion from banks under its currency swap arrangement which began on February 15...
The Bangladesh Bank sold $11.67 billion from its foreign exchange reserves to banks in less than 10 months amid a severe dollar crisis faced by the country鈥檚 banks...
Payment of interest against foreign loans has grown faster than the principal amount, posing challenges for debt servicing amid the ongoing dollar shortages...
Import restrictions on luxury items and other policies implemented by the government during the past two years have failed to tackle the dollar shortage and ease the economic crisis.