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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...

Sep 06, 2024

Breakthrough likely in China support for Bangladesh’s forex reserve: envoy

The Chinese ambassador to Bangladesh, Yao Wen, on Thursday said that prime minister Sheikh Hasina’s forthcoming visit to China was expected to make a...

Jul 04, 2024

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...

May 20, 2024