Bangladesh Bank
Why is green finance not taking ground in Bangladesh?
Greening the economy is a prerequisite for attaining sustainable development goals (SDGs).
Rooppur Project: Russia proposes payment in rouble
Russia has proposed a direct payment system bypassing the global standard SWIFT to settle the dues for Rooppur nuclear power plant as the Soviet nation looks to navigate the sanctions from the West following the Ukraine war.
Pulse import cost rising amid scanty local production
The import cost of pulses in Bangladesh is on the rise due to increased consumption, inadequate domestic production and higher prices in the international markets.
Sick industries to get loans at banks’ cost of fund
Sick industries have to apply to respective banks by June 30 to get the benefit
Central bank’s USD investment plunges
Bangladesh Bank’s foreign exchange reserves invested in US dollars declined 34 per cent year-on-year to $23.63 billion in February as the country is heavily dependent on the American greenback to settle payments for global trade.
Spike in funding costs to hurt banks’ profitability
Weak banks in Bangladesh with small holdings of government securities, which are used to mobilise funds either from the central bank or peers, may become more vulnerable in the days to come, Moody’s Investors Service warned yesterday.
IMF getting BB ready for post-LDC world
Bangladesh’s preparation for LDC graduation would start in earnest with the International Monetary Fund’s 42-month loan programme, where one of the objectives is to overhaul the monetary and exchange rate policies to meet the needs of an open economy.
Govt’s higher borrowing from BB stokes inflation risk
The government has kept borrowing from the Bangladesh Bank as commercial banks can’t come up with much-needed funds owing to the liquidity crunch.
Private sector’s foreign debt down by over $1b
The private sector’s foreign debt decreased by 4.3 per cent, or more than $1 billion, in the second quarter of the current fiscal year following Bangladesh Bank’s strict measures to control imports.
Bangladesh approached IMF at the right time
Bangladesh has averted a potential major crisis by reaching out to the International Monetary Fund (IMF) in a timely manner, said Kaushik Basu, a former chief economist of the World Bank.
Banking diploma made mandatory for bankers' promotion
Bangladesh Bank has made securing the banking diploma mandatory for bankers to get promoted to senior officers and above
New window to be introduced for Islamic banks’ liquidity support
The Bangladesh Bank will introduce another tool to provide liquidity support to the cash-strapped shariah-based banks in order to cushion their ailing financial health.
Service exporters to get forex retention quota facility
The central bank has instructed banks to provide exporters' retention quota (ERQ) account services to service exporters to help them carry out international transactions.
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.
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.
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.
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.
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.
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.