BB buys record $265m to halt dollar rate fall
Bangladesh Bank on Tuesday purchased record $265 million, highest in a day, in an attempt to halt the fall of the US dollar against the taka...
Tags : US Dollar
BB buys $83m more from banks in dollar auction
The Bangladesh Bank on Sunday purchased $83 million more from 11 banks through a dollar auction as part of its ongoing strategy to curb the depreciation of the US dollar against taka and revitalize the remittance and export sectors...
Stablecoins and new Bretton Woods
IMAGINE a world in which the US dollar, already the lifeblood of global finance, transforms into a digital juggernaut 鈥� flowing through blockchain rails to tighten America鈥檚 grip on global capital. This isn鈥檛 speculative fiction. It鈥檚 the emerging reality, and its name is stablecoins...
Bangladesh Bank purchases $313m from banks to curb dollar slide
Bangladesh Bank on Tuesday purchased fresh $313 million from 22 banks in an attempt to halt the sharp fall of the US dollar against the taka...
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...
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.
Economists for vigilance as BB frees dollar rate
Bangladesh Bank governor Ahsan H Mansur on Wednesday said that the exchange rate of the US dollar would now be determined by market forces, shifting from the country鈥檚 long-standing managed rate regime...
Dollar eases slightly
Bangladesh鈥檚 currency, the Taka, has strengthened against the US dollar, bolstered by recent growth in remittances and exports...
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...
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...
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.
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.
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...
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...
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...
Bangladesh Bank raises dollar rate to Tk 117
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...