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...
Bangladesh鈥檚 currency, the Taka, has strengthened against the US dollar, bolstered by recent growth in remittances and exports...
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...
The US dollar rate for remittances has risen again by 50 basis points, reaching Tk聽122.5...
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...
The Bangladesh Bank has identified several factors contributing to the rising demand for US dollars, leading to volatility in the foreign exchange market.
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 Donald Trump on Monday threatened to impose a 100 per cent tariff on the BRICS group nations if they undercut the US 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...
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...
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 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...