Bangladesh Bank

February 2, 2023
February 2, 2023

Bangladesh Bank sells US dollar at Tk 101 for first time

Bangladesh Bank has sold US dollar at Tk 101 each to banks for the first time, giving indication that it is likely to devalue the local currency to reflect the market reality.

February 2, 2023
February 2, 2023

Provisioning rules eased for bank loans to brokerage houses, stock dealers

The Bangladesh Bank today relaxed the rules on the provisioning of bank loans to brokerage houses, merchant banks, and stock dealers.

February 1, 2023
February 1, 2023

Loan from export development fund made costlier

The Bangladesh Bank today raised the interest rate on the loans made from its export development fund (EDF) by 50 percentage points with an aim to make borrowing costlier and thus save foreign currencies.

January 30, 2023
January 30, 2023

Come June, reserves will hit $37.7b

The government is expecting the shrinking foreign currency reserves will buck the trend and hit $37.7 billion by June thanks to lower imports and budget support from development partners.

January 29, 2023
January 29, 2023

Draft digital commerce act draws mixed reactions

A draft of the new digital commerce law has drawn mixed reactions from industry people and customers alike as some believe a legal framework is necessary to prevent fraud while others opined that it would lead to increased bureaucracy in the emerging sector.

January 24, 2023
January 24, 2023

Dollar shortage bites pharma industry

The pharmaceuticals industry, which has made life-saving drugs available at lower costs, is facing troubles in opening letters of credit (LCs) to import much-needed raw materials and capital machinery owing to the US dollar crunch. 

January 23, 2023
January 23, 2023

National Bank asked not to disburse loans over Tk 10 crore

The Bangladesh Bank has ordered private-run National Bank not to disburse more than Tk 10 crore in loans as the lender is going through uncertainties after the resignation of its Managing Director Md Mehmood Husain. 

January 23, 2023
January 23, 2023

After energy, LC opening crisis now cripples businesses

At the beginning of 2022, businesses were upbeat and many of them thought that the worst stemming from the losses induced by the coronavirus pandemic was finally over. That was short-lived. 

January 19, 2023
January 19, 2023

No visible step from BB to ease importers’ woes

The Bangladesh Bank is yet to take any visible measure in line with a commerce ministry directive aimed at asking banks to earmark a portion of their foreign currency holdings to open letters of credit to import essentials ahead of Ramadan. 

January 17, 2023
January 17, 2023

Pilot kicks off for digital payment with QR code

The Bangladesh Bank will commence a campaign tomorrow to popularise an interoperable QR code across the capital city in a move to bring millions of small businesses such as street vendors and lower-income groups under the digital transaction system.