dollar crisis Bangladesh
BB fixes forward forex rate for first time
For the first time, the Bangladesh Bank has decided to determine the rate of foreign exchange, namely the US dollar, to be delivered in future, widely known as forward contract -- a move that has created mixed reactions among businesses.
Forex holdings in banks fall in August
Commercial banks witnessed a drop in foreign currencies last month from that in the preceding month mainly due to a sharp fall year-on-year in the inflow of remittance and a relatively small growth in export earnings.
Mighty dollar squeezes int’l purchases thru credit cards
The foreign exchange crisis in Bangladesh has dealt a blow to credit card users as the sharp appreciation of the US dollar against the taka has narrowed their scope for foreign purchases through cards.
How sustainable is our 'electricity revolution'?
It’s time to address the technical, operational, managerial, design and planning aspects of the energy crisis.
Why the fall in remittances?
Take concrete steps to address loopholes in the system
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.
Caught between two crises
Real solution lies in reassessment of government energy policy
LONG READ / Coping with a perfect economic storm with IMF support
Bangladesh’s economy buckled, but it did not break. However, challenges remain.
Overdependence on gas imports is putting our energy future at risk
Can the government meet rising demand for power?
Money or no money, crisis persists
We are told that taka is available, and then it’s not there anymore.
Time for a new central bank and monetary policy
The recent policy changes have been so enormous that they have already made the old monetary policy largely defunct.
Don’t let the dollar crisis cancel dreams
Students should be able to pay for their education abroad
Dollar crisis will ease by January: Salman F Rahman
The ongoing dollar crisis in the country will ease by January next year, said Salman F Rahman, private industry and investment adviser to the prime minister.