Bulgaria 21st member to adopt euro
EU ministers gave the final green light on Tuesday for Bulgaria to adopt the euro on January 1, 2026, making it the single currency area鈥檚 21st member...
Tags : currency
Acquisition of skills can ensure attractive job at home, abroad: NU VC
Vice-chancellor of the National University, Professor ASM Amanullah, on Saturday said that only through timely acquisition of skills could students ensure good and attractive job opportunities in the country and abroad and a way to earn more foreign currency...
H&M sales fall in Q2 on stronger currency
Swedish fashion giant H&M on Thursday reported a drop in sales and profit in the second quarter, as currency effects weighed on the company鈥檚 earnings...
US recovers $225m stolen in crypto scam
The US government said Wednesday it recovered $225 million in the largest seizure yet of money stolen in a cryptocurrency confidence scam...
Card-based forex transactions rise
Foreign currency transactions through cards reached a four-month high in April, reflecting a rebound in international travel and improved economic stability in Bangladesh...
BB lets banks send fees for language courses abroad
The Bangladesh Bank has widened access to foreign currency for overseas education by allowing banks to release foreign currency for language courses abroad without prior approval from the central bank...
Expats send $1.6b in 17 days of May
Bangladesh has received $1.61 billion in inward remittances during the first 17 days of May, marking a robust flow of foreign currency from expatriate workers, according to a revised update from Bangladesh Bank...
Paris kidnap bid highlights crypto data security risks
New regulations threaten the security of the personal data of cryptocurrency users and may expose them to 鈥榩hysical danger鈥�, the platform at the centre of last week鈥檚 Paris kidnapping attempt has claimed...
Forex transaction thru cards hits 2-yr low
The volume of foreign currency transactions made through cards declined to two years low in February due to unstable political and economic situation...
NRBs allowed to open accounts in any currency
Bangladesh Bank on Sunday allowed Non-resident Bangladeshis (NRBs) to open bank accounts in all usable foreign currencies...
Record inflow of remittance raises reserves to $25b
Foreign currency reserves have crossed $25 billion mark before the end of March thanks to a record inflow of remittances this month.
Forex transactions thru cards cross Tk 800cr
The volume of foreign currency transactions made through cards surpassed Tk 800 crore in December 2024, the first time in a year, as increased outbound travel during the holiday season boosted spending...
Forex transactions thru cards drop in Nov
The volume of foreign currency transactions made through cards declined in November compared with that in the previous month...
Japan, US blame North Koreans for $300m crypto theft
A North Korean hacking group stole cryptocurrency worth over $300 million from the Japan-based exchange DMM Bitcoin, according to Japanese police and the United States鈥� FBI.
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.
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...
BB raises limit for private travel foreign currency exchange
The Foreign Exchange Policy Department of the Bangladesh Bank has issued three new directives concerning foreign currency exchanges for private travel entitlements through licenced money changers...
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...
4 arrested for forging stamp, currency
The detective branch of Dhaka Metropolitan Police on Tuesday announced the arrest of four members of a syndicate involved in counterfeiting of stamps and currency.
Promises and pitfalls
THE Offshore Banking Act 2024 that was enacted in March marks a significant transformation in the country鈥檚 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...
US orders FTX, Alameda to pay $12.7b to victims
Failed cryptocurrency platform FTX Trading and affiliate Alameda Research must pay $12.7 billion to compensate customers and fraud victims under a consent order, US regulators announced Thursday...
Trump offers tech sector policy flips ahead of election
Fiercely against social media platform TikTok, cryptocurrency bitcoin and electric cars during his presidency, Republican presidential nominee Donald Trump has recently flip-flopped on several issues that are dear to Silicon Valley...
2 members of fake currency gang arrested
Detective Branch of the Barishal Metropolitan Police on Thursday arrested two members of a fake currency gang along with fake foreign currency and motorcycle at a residential hotel in the city...
Breakthrough likely in China support for Bangladesh鈥檚 forex reserve: envoy
The Chinese ambassador to Bangladesh, Yao Wen, on Thursday said that prime minister Sheikh Hasina鈥檚 forthcoming visit to China was expected to make a...
Dollar holding in banks drops for 4th straight month
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...
Checking inflation biggest challenge in FY25: EAB
The Exporters Association of Bangladesh on Tuesday said that controlling inflation would be the biggest challenge in the upcoming financial year as foreign currency reserve of the country had depleted...
Cash outside banks keeps soaring
The amount of cash held outside the country鈥檚 banks increased for the fifth consecutive month in April amid low confidence of depositors in the banking sector and inflationary pressures....
Forex holding by banks hits 14-month low
The volume of foreign currencies held by the country鈥檚 commercial banks hit a 14-month low in April due to increased demand, driven by a severe shortage of dollars...
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...
Financial account deficit surges to $9.26 billion
The country鈥檚 financial account deficit surged to $9,258 million in July-March, the first nine months of the current financial year 2023鈥�24, against a deficit of $2,928 million in the same period of FY23...