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Tags : currency


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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’s 21st member...

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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’s earnings...

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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...

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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...

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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...

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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...

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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 ‘physical danger’, the platform at the centre of last week’s Paris kidnapping attempt has claimed...

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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...

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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...

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Dollar holding by banks dips

Dollars held by Bangladesh’s commercial banks hit a more-than-two-year low in October, driven by a severe shortage of the foreign currency in the country...

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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...

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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.

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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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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...

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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...

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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...

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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...

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Cash outside banks keeps soaring

The amount of cash held outside the country’s banks increased for the fifth consecutive month in April amid low confidence of depositors in the banking sector and inflationary pressures....

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Forex holding by banks hits 14-month low

The volume of foreign currencies held by the country’s commercial banks hit a 14-month low in April due to increased demand, driven by a severe shortage of dollars...

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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...

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Financial account deficit surges to $9.26 billion

The country’s financial account deficit surged to $9,258 million in July-March, the first nine months of the current financial year 2023–24, against a deficit of $2,928 million in the same period of FY23...