dollar crisis

Studying Abroad: Students struggle to open profiles for dollar crisis

For over a year now, thousands of Bangladeshi students wanting to study abroad have encountered obstacles while trying to open bank profiles essential for paying their fees or other expenses like housing and transportation

BB goes shopping to private banks for dollar

Bangladesh Bank is hunting for dollars to rebuild its depleting foreign exchange reserves ahead of the January 7 national election.

Why do villagers bear the brunt of loadshedding?

Strangely enough, although the government is unable to meet power needs, it pays thousands of crores to government and private power plants as fixed charges or capacity charges every month with taxpayers’ money.

New fiscal year, old challenges

When a year passes, those who had a good time look forward to continuing the momentum while those who had struggled to keep their head above water might breathe a sigh of relief.

Foreign banks’ forex income soars

The earnings of foreign banks operating in Bangladesh rocketed in 2022 buoyed by their incomes from the dealings of international currencies.

Power companies’ profits fall amid dollar crisis

Profits of all power generation companies dropped in the July-March period of fiscal year 2022-23 and some of them even incurred huge losses mainly due to a huge depreciation of the value of the taka against the US dollar that ultimately increased their costs. 

Economic pressure deepens as export, remittance dip

Exports and remittances, two major sources of foreign currencies for Bangladesh, plunged in April, a bad omen for the economy as it deals with multiple challenges, including a dollar crisis, an elevated level of import costs and falling reserves. 

Capital machinery imports keep falling

Bangladesh’s import of capital machinery has continued its falling trend as banks have remained cautious in financing purchases amid the dollar crisis while entrepreneurs showed reluctance to expand owing to slowing domestic and export sales. 

Bangladeshis paying way more for essentials

This did not happen by chance, but because of poor governance

February 10, 2024
February 10, 2024

Studying Abroad: Students struggle to open profiles for dollar crisis

For over a year now, thousands of Bangladeshi students wanting to study abroad have encountered obstacles while trying to open bank profiles essential for paying their fees or other expenses like housing and transportation

November 29, 2023
November 29, 2023

BB goes shopping to private banks for dollar

Bangladesh Bank is hunting for dollars to rebuild its depleting foreign exchange reserves ahead of the January 7 national election.

September 17, 2023
September 17, 2023

Why do villagers bear the brunt of loadshedding?

Strangely enough, although the government is unable to meet power needs, it pays thousands of crores to government and private power plants as fixed charges or capacity charges every month with taxpayers’ money.

July 3, 2023
July 3, 2023

New fiscal year, old challenges

When a year passes, those who had a good time look forward to continuing the momentum while those who had struggled to keep their head above water might breathe a sigh of relief.

May 11, 2023
May 11, 2023

Foreign banks’ forex income soars

The earnings of foreign banks operating in Bangladesh rocketed in 2022 buoyed by their incomes from the dealings of international currencies.

May 7, 2023
May 7, 2023

Power companies’ profits fall amid dollar crisis

Profits of all power generation companies dropped in the July-March period of fiscal year 2022-23 and some of them even incurred huge losses mainly due to a huge depreciation of the value of the taka against the US dollar that ultimately increased their costs. 

May 3, 2023
May 3, 2023

Economic pressure deepens as export, remittance dip

Exports and remittances, two major sources of foreign currencies for Bangladesh, plunged in April, a bad omen for the economy as it deals with multiple challenges, including a dollar crisis, an elevated level of import costs and falling reserves. 

April 18, 2023
April 18, 2023

Capital machinery imports keep falling

Bangladesh’s import of capital machinery has continued its falling trend as banks have remained cautious in financing purchases amid the dollar crisis while entrepreneurs showed reluctance to expand owing to slowing domestic and export sales. 

March 25, 2023
March 25, 2023

Bangladeshis paying way more for essentials

This did not happen by chance, but because of poor governance

February 28, 2023
February 28, 2023

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.

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