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...
Tags : currency
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...
Russia extends mandatory forex conversion for major exporters
Russia on Saturday said it would require major exporters to carry on converting the bulk of their foreign聽currency聽earnings into rubles for another year to...
Impact of currency swap
In聽January 2024, the Bangladesh Bank issued the monetary policy for the second half of the 2023鈥�24 financial year. In it, the central bank aims to adopt a crawling peg to curb exchange rate volatility, raise the policy interest rate...