Global stocks, dollar retreat
European and Asia stock markets mostly fell Monday in jittery holiday trade ahead of a potentially tumultuous 2025 when Donald Trump returns to the White House.
Tags : dollar
BB identifies reasons behind increased dollar demand
The Bangladesh Bank has identified several factors contributing to the rising demand for US dollars, leading to volatility in the foreign exchange market.
BB to strengthen monitoring of volatile dollar market
Bangladesh Bank on Monday decided to tighten its grip on the volatile foreign exchange market through strict measures and enhanced monitoring systems to restore stability.
Banks鈥� dollar holdings plunge by $1.72b
The dollar reserves held by Bangladesh鈥檚 commercial banks have sharply declined by $1.72 billion in just five months, highlighting the fallout from Bangladesh Bank鈥檚 ineffective strategies amid a crippling dollar crisis.
Dollar price hike: 13 banks asked to explain
The Bangladesh Bank on Sunday sought explanations from 13 commercial banks regarding a sudden surge in dollar prices on the market.
Manipulation alleged as dollar nears Tk 128
The dollar price has surged to nearly Tk 128, fuelled by alleged market manipulation by some banks and money exchange houses, and an increased demand for the greenback ahead of Ramadan, the fasting month of the Muslims.
Dollar rate may jump as BB plans more market-driven policy
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 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.
Yen rallies, euro up on rising inflation data
The yen rallied against the dollar and the euro also advanced versus the US unit Friday as traders reacted to news of higher inflation in Japan and the eurozone.
Russian ruble slumps past 32-month low against 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...
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...
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...
Banks鈥� dollar holding hits 21-month low
Dollars held by Bangladesh鈥檚 commercial banks hit a 21-month low in September, driven by a severe shortage of the foreign currency in the country.
Dollar rate shows signs of stability
The dollar rate is showing signs of stability on the market as the country鈥檚 gross foreign exchange reserve has been increasing despite paying nearly $1.5 billion in dues to...
Bangladesh's forex reserve rises by $384m in a month
Bangladesh鈥檚 gross foreign exchange reserve, as per the International Monetary Fund鈥檚 guidelines, increased by $384 million in a month, due largely to higher remittance inflows and a halt in the Bangladesh Bank鈥檚 dollar sales...
Beyond LDC hype: is Bangladesh ready for challenges?
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...
Industrial term loan release rises slightly in Jan-March
Industrial term loan disbursements rose marginally in January- March period compared with those in the same period last year, driven mainly by high dollar rates...
Global stocks, dollar diverge before key US inflation data
Major stock markets and the dollar diverged Wednesday before US inflation data that could help indicate the size of an expected interest-rate cut from the Federal Reserve next week...
BB gives IBBL $1.1b worth liquidity against fake dollar buying
Bangladesh Bank has provided total $1.1 billion equivalent in financial support to Islami Bank Bangladesh Limited since January based on a massively fraudulent dollar purchase quotation.
Offshore banking gains ground amid dollar crisis
Offshore banking is becoming increasingly significant in Bangladesh, emerging as a pivotal sector for attracting foreign currency through enhanced investment and international trade facilitation...
Interbank dollar rate raised to Tk聽120 each
The Bangladesh Bank has increased dollar rate to Tk聽120 each, responding to rising demand and low supply of the greenback in the market...
BB loses Tk聽55cr in dollar deal with Islami Bank
The Bangladesh Bank knowingly incurred a loss of Tk聽55 crore by purchasing dollars at a higher rate than it sold to Islami Bank, according to a central bank鈥檚 inspection report...
LC opening rises slightly in FY24
The opening of letter of credit (LC) for imports increased in the financial year 2023-24 compared with that of in the year 2022-23 despite the central bank鈥檚 restrictive measures and a dollar crisis on the market...
Global stock markets plunge on US recession fears
Wall Street stocks deepened their losses Monday and Tokyo had its worst day in 13 years as panic spread across trading floors over fears of recession in the United States...
Dollar price hits Tk聽124 on kerb market
The dollar rate on the open market, also known as the kerb market, rose by over Tk聽4 in the past three days to reach Tk聽124 a dollar on Tuesday amid unrests centring quota reform protests...
Dollar price rises to Tk 121.5 on kerb market
The dollar rate on the open market, also known as the kerb market, rose by over Tk 1.5 to reach Tk聽121.5 a dollar on July 25 amid unrests centring quota reform protests across the country...
Thailand unveils billion-dollar handout scheme to boost economy
Thailand鈥檚 government unveiled a billion-dollar handout scheme聽on Wednesday that it hopes will boost the flagging聽economy聽but warned recipients would not be allowed to spend the money on marijuana, jewellery or lottery tickets...
Interbank forex transaction dips amid dollar crisis: BB
Interbank foreign exchange market transactions plunged to $16.7 billion in the July-March period of the 2023-24 financial year due to scarcity of dollars in the market...
Dollar crunch compels BB to sell $12.8b to banks in FY24
The Bangladesh Bank sold $12.8 billion from its foreign exchange reserves to banks in the just concluded financial year 2023-24 amid a severe dollar crisis in the country鈥檚 financial sector...
Remittance inflow to Bangladesh hits $23.9b in FY24
Remittance inflow to Bangladesh increased by $2.3 billion in the 2023-24 financial year compared with that in the previous financial year amid a rise in dollar rate...