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Tags : Taka


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Taka reaches near fair value, claims BB

Bangladesh’s currency, the taka, has finally moved close to its fair value against the US dollar, trading at a level that better reflects economic fundamentals after years of artificial overvaluation and damaging distortions...

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Banglalink users can now buy roaming pack with taka

Banglalink has recently introduced new international roaming packs that can be purchased directly with Bangladeshi taka, eliminating the need for foreign payment methods, said a press release...

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Dollar rate declines by Tk 3.3 in a week

The US dollar has dropped by Tk 3.3 against the Bangladeshi taka within just a week, driven by a decline in demand and a strong inflow of foreign currency...

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Dollar falls by Tk 3

The US dollar has depreciated by approximately Tk 2.90 against the Bangladeshi Taka over the past 10 days, primarily due to reduced demand for dollars and a strong inflow of remittances and export earnings.

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AB Bank, Akij Takaful sign deal

AB Bank PLC and Akij Takaful Life Insurance PLC signed an agreement under which AB Bank explored a new horizon in Islamic DPS by introducing free insurance coverage up to Tk 50 lakh for the first time for Islamic depositors...

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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...

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TIFL investment committee meeting held

Takaful Islami Insurance Limited’s investment committee held its 6th meeting at house 23/Ka, road 7, Dhanmondi in the capital Dhaka on Sunday, said a press release.

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Promises and pitfalls

THE Offshore Banking Act 2024 that was enacted in March marks a significant transformation in the country’s 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...

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Tahmina re-elected Takaful Islami Insurance chair

Tahmina Afroz has been re-elected chairperson of Takaful Islami Insurance Limited for the year 2024-25 during the company’s139th board meeting held on August 10, said a press release...