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?

January 18, 2023
January 18, 2023

Money or no money, crisis persists

We are told that taka is available, and then it’s not there anymore.

December 18, 2022
December 18, 2022

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.

December 16, 2022
December 16, 2022

Don’t let the dollar crisis cancel dreams

Students should be able to pay for their education abroad

November 26, 2022
November 26, 2022

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.

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