Exporters allowed to swap forex holdings for taka
Bangladesh Bank has allowed exporters to swap foreign currency holdings for local currency to ease short-term liquidity stress without converting export proceeds...
Tags : forex
Forex reserve above $30b after ACU payment
Gross foreign exchange reserve has dropped to $30.3 billion after the central bank cleared a payment of $1.5 billion to the Asian Clearing Union to settle import bills for July and August...
Forex reserve crosses $30b again
The country鈥檚 gross foreign exchange reserve has once again crossed $30 billion amid increased remittance and export earnings...
Forex reserves fall to $29b after ACU payment
Bangladesh Bank has paid over US$2.19 billion to the Asian Clearing Union (ACU) to settle import bills for the months of May and June, resulting in a drop in the country鈥檚 foreign exchange reserves to $29.53 billion...
Forex reserve soars to record $26.32b
Bangladesh鈥檚 gross foreign exchange reserves, calculated under IMF guidelines, soared to $26.32 billion on Sunday amid disbursements from a number of foreign lenders including the International Monetary Fund, Asian Development Bank and World Bank...
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...
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...
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...
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 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 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...
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...
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...
Policy swings, corruption lead to forex market crisis
Regulatory mood swings and corruption during the Awami League regime created disorderly conditions in the foreign exchange market, which led the foreign exchange reserves declining to levels too low for comfort, according to the White Paper on the State of Bangladesh economy submitted to chief adviser Muhammad Yunus on Sunday...
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...
Finance div prepares economic report for finance adviser
The Finance Division has prepared an update about the economy highlighting the prevailing high inflation and falling forex reserves to submit to the finance adviser of the newly formed interim government led by Nobel laureate Muhammad Yunus...
Increased export earnings, remittance, FDI needed to increase forex reserve: experts
Experts at a seminar on Sunday stressed on boosting revenue collection by expanding the tax net which would enable the government to borrow less from the...
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...
Japan spent $62b supporting yen in April-May: govt
Japan said Friday that it spent about $62 billion to bolster the yen over the past five weeks, when it intervened in forex markets for the first time since 2022 after the聽currency聽hit a 34-year low...
Govt hopeful of IMF tranche despite lower forex reserves
An International Monetary Fund mission will arrive in the capital next week to review targets, including the underachieved forex reserves, regarding its $4.7 billion loan programme...
Caught in a quagmire
EVEN in the post-Covid period, the Bangladeshi economy was going to take a turn-around, with macroeconomic indicators posting positive signals. However, the Russia-Ukraine war began to cast a gloom by disrupting...
Bangladesh's gross forex reserve dips to $19.89b
The gross foreign exchange reserves in Bangladesh, according to the International Monetary Fund guidelines, dropped to $19.89 billion again on Wednesday.
