Bangladesh Bank
What's so wrong with hundi?
The central bank’s deviation from the policy commitment is the main reason why hundi-makers mushroomed at home and abroad.
Bangladesh’s currency conundrum: What role can interest rates play?
Bangladesh Bank can better fix the currency turmoil by freeing both interest rate and exchange rate to adjust over time.
What's so wrong with hundi?
The central bank’s deviation from the policy commitment is the main reason why hundi-makers mushroomed at home and abroad.
USD 1 now Tk 96
The Bangladeshi taka today depreciated against the US dollar, hitting Tk 96 on the interbank platform after the Bangladesh Bank had decided last week to allow the market forces to set the exchange rate of the local currency.
Forex reserve falls to USD 37.06 billion
Bangladesh's foreign exchange reserves have declined to USD 37.06 billion after the central bank had cleared import bills to the Asian Clearing Union, an arrangement to settle payments for intra-regional transactions among member countries including Bangladesh.
Bangladesh Bank moves to stop illegal banking by cooperative societies
Bangladesh Bank today urged the Department of Cooperatives to take measures against illegal banking activities carried out by several cooperative societies.
Rules eased for exporters to keep dollars
Bangladesh Bank today said exporters can now retain value-added amount of export proceeds in US dollars for 30 days instead of 15 days.
Banks asked to suspend evening banking
Bangladesh Bank today asked banks to suspend their evening banking operation in order to reduce electricity consumption as part of the government’s austerity measures.
Bangladesh Bank discontinues 360-day special repo
The central bank today scrapped the 360-day special repo facility thanks to the improvement in the coronavirus situation and a lack of demand for the borrowing tool.
Banks asked to cut electricity, energy use
Bangladesh Bank today asked banks to reduce use of electricity and energy as part of the austerity measures taken by the government to contain the volatility in the foreign exchange market.
Robust remittance, exports to ease pressure on external sector
Migrant workers and Bangladeshis living abroad sent more than $2 billion in each of the first two months of the current fiscal year, a promising sign for the economy.