Dollar market mostly stable
The foreign exchange market remained largely stable on Thursday following the Bangladesh Bank鈥檚 announcement to adopt a market-based exchange rate system in line with the International Monetary Fund鈥檚 conditions...
Tags : foreign exchange
Bangladesh Bank clears $1.88b ACU payments
Bangladesh鈥檚 gross foreign exchange reserve, calculated as per the International Monetary Fund鈥檚 guidelines, has dropped to $20.29 billion, following a $1.88-billion payment to the Asian Clearing Union for import bills covering March and April...
Forex reserve crosses $22b
Bangladesh鈥檚 gross foreign exchange reserves, calculated under International Monetary Fund guidelines, crossed $22 billion again on Wednesday, driven by strong remittance inflows and export earnings...
Bangladesh Bank says forex reserve crosses $21b
Bangladesh鈥檚 gross foreign exchange reserves, calculated under International Monetary Fund guidelines, crossed $21 billion again, driven by strong remittance inflows and export earnings...
Bangladesh's forex reserve drops to $19.7b
Bangladesh鈥檚 gross foreign exchange reserve, calculated as per the International Monetary Fund鈥檚 guidelines, has dropped to $19.7 billion, following a $1.75-billion payment to the Asian Clearing Union for import bills covering January and February...
Forex reserve nears $21b amid high remittance
Bangladesh鈥檚 gross foreign exchange reserves, calculated under International Monetary Fund guidelines, neared $21 billion again, driven by strong remittance inflows...
Forex reserve crosses $20b again
Bangladesh鈥檚 gross foreign exchange reserves, calculated under International Monetary Fund (IMF) guidelines, have surpassed $20 billion again, driven by strong remittance inflows...
Dollar rate for remittance rises
The US dollar rate for remittances has risen again by 50 basis points, reaching Tk聽122.5...
Forex reserve drops to $20b
Bangladesh鈥檚 gross foreign exchange reserve, calculated as per the International Monetary Fund鈥檚 guidelines, has dropped to $20 billion, following a $1.67-billion payment to the Asian Clearing Union against import bills for November and December of 2024...
Bangladesh鈥檚 forex reserve surges by $1.5b in 22 days
Bangladesh鈥檚 gross foreign exchange reserves, calculated following the International Monetary Fund鈥檚 guidelines, have risen by $1.5 billion in 22 days.
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...
Addressing migrants鈥� rights in labour sector reform demanded
Rights activists at a discussion on Sunday demanded that labour sector reforms should take into account migrant workers鈥� rights to protect the foreign exchange earners from vulnerabilities...
BB extends FE loan tenure for capital machinery imports
The Bangladesh Bank has extended the tenure for foreign exchange loans under buyers and suppliers credit for importing capital machinery, allowing industrial entrepreneurs to secure loans for three years instead of one...
Affected importers given 8 years to repay loans
Importers, who faced losses due to foreign exchange rate spikes, can now repay their loans over a maximum period of eight years...
Bangladesh's forex reserve rises slightly amid high remittances, exports
Bangladesh鈥檚 gross foreign exchange reserve, calculated as per the International Monetary Fund鈥檚 guidelines, has increased marginally to $18.49 billion on Thursday amid increased remittance inflow and export earnings...
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...
Bangladesh鈥檚 forex reserves drop to $18.46b after ACU payment: BB
Bangladesh鈥檚 gross foreign exchange reserve, calculated as per the International Monetary Fund鈥檚 guidelines, has dropped to $18.46 billion, following a $1.5-billion payment to the...
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...
Forex reserves $19.38 billion after ACU payment
The gross foreign exchange reserve in Bangladesh, according to the guideline of the International Monetary Fund, stood at $19.38 billion on September 18, decreasing from $20.8 billion on September 8...
Forex reserves near $20b: BB
Bangladesh鈥檚 foreign exchange reserves have neared $20 billion as per BPM-6 calculation standard of the International Monetary Fund and crossed $24 billion as per Bangladesh Bank鈥檚 conventional valuation...
Bangladesh's forex reserves stand at $19.46b after ACU pay
The gross foreign exchange reserve in Bangladesh, according to the guideline of the International Monetary Fund, has dropped to $19.46 billion after the payment of import bills...
Forex reserve dips by $1.3b in a month
Bangladesh鈥檚 foreign exchange reserves, according to International Monetary Fund guidelines, plunged by $1.3 billion (more than Tk 15,000 crore) in July compared with that in the...
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...
Forex reserve rises to $22b on foreign loans
The foreign exchange reserves in Bangladesh, according to the International Monetary Fund guidelines, increased to nearly $22 billion on June 27 from $18.64 billion in May...
Capital flight, poor financial governance bleed economy
ILLEGAL cross-border money transfers or suspicious transactions have been a concern for Bangladesh, which has taken new heights following the recent instability in the foreign exchange market and subsequent resource. The Bangladesh Financial Intelligent Unit received, according to a budget document...
Capacity for meeting foreign debt obligations falling
The foreign exchange reserve to foreign debt ratio dropped substantially in the past couple of years, indicating that the country has a smaller cushion of...
Govt mustn鈥檛 walk back austerity steps amidst economic decline
THE government鈥檚 plan to walk back austerity measures, even if partly, in the national budget for the 2025 financial year only because the measures that have been in place have failed to produce result appears impractical. Such a proposition of reversal would...
High inflation reduces forex reserves: BBTA study
High inflation reduces foreign exchange reserves, as more reserves are necessary to stabilise the foreign exchange market and cool down inflation, according to a research paper by officials of the Bangladesh Bank...
Bangladesh's net forex reserve plunges to $13.8b
The net foreign exchange reserves in Bangladesh, as per International Monetary Fund guidelines, fell to $13.76 billion, with the gross reserves dropping to $18.26 billion on May 12, marking a 10-year low, according to Bangladesh Bank data...