Man held with counterfeit 5 lakh Indian rupees in Jhenaidah
MEMBERS of the Border Guard Bangladesh have arrested a Bangladeshi national with counterfeit Indian currency notes worth 5,04,000 rupees from the Maheshpur border area in Jhenaidah...
Tags : currency
BB posts net profit of Tk 22,600cr in FY25
Bangladesh Bank recorded a net profit of Tk 22,600 crore in the fiscal year 2024鈥�25, largely boosted by higher returns from foreign currency investments and lending to the banks...
Taka reaches near fair value, claims BB
Bangladesh鈥檚 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...
BB eases foreign currency rules for foreign investors
Bangladesh Bank has relaxed the foreign currency rules for exporters in specialized zones like Export Processing Zones (EPZs), Private Export Processing Zones (PEPZs), Economic Zones, and High-Tech Parks to retain foreign currency...
New cryptocurrency may be aiding Russia to dodge sanctions
Russia could be turning to a new cryptocurrency called A7A5 to allow money to flow in and out of the country and avoid Western sanctions, experts have told AFP...
EBL launches social currency card for youths
Eastern Bank on Saturday launched 鈥楽kyFlex Visa Prepaid Card,鈥� an app-based social currency prepaid card designed specifically for youths...
US House passes landmark crypto bill
The US House of Representatives on Thursday passed three landmark cryptocurrency bills, fulfilling the Trump administration鈥檚 commitment to the once-controversial industry.
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...
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...