foreign currency reserves
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.
2022: THE YEAR THAT WAS / Phones, laptops, internet turned pricier in 2022
Bangladesh’s steady embrace of digitalisation, spearheaded by a growing number of tech startups and rising software and IT service exports, has suffered a heavy blow from the imposition of new taxes this year.
Only two options left for macroeconomic stability
Bangladesh does not have too many policy options other than reducing consumption of goods and services and making the exchange rate flexible in order to ensure macroeconomic stability, said a central bank report.
What does the IMF loan mean for Bangladesh?
This fiscal year alone, the Bangladesh Bank has supplied more than $4.5 billion to the market to support the exchange rate, while the import bill averages $6 billion a month.
When currency, not arms, is the weapon of choice
The use of money for good and bad has a long history.
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.
Forex pressure may ease by Dec but inflation to stay
The record fuel price hike last week has thrown a spanner in the works to the finance division’s projection of bringing the twin problems of inflation and delicate foreign currency reserves under control by December.
IMF stands ready to help Bangladesh
The International Monetary Fund yesterday conveyed its interest to support Bangladesh with its request for loan to prop up its strained foreign currency reserves.
“Have enough forex reserves to import food for 6-9 months”
Prime Minister Sheikh Hasina today (July 27, 2022) said Bangladesh would be able to meet six to nine months of import expenditures with the existing foreign currency reserves.
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.
Phones, laptops, internet turned pricier in 2022
Bangladesh’s steady embrace of digitalisation, spearheaded by a growing number of tech startups and rising software and IT service exports, has suffered a heavy blow from the imposition of new taxes this year.
Only two options left for macroeconomic stability
Bangladesh does not have too many policy options other than reducing consumption of goods and services and making the exchange rate flexible in order to ensure macroeconomic stability, said a central bank report.
What does the IMF loan mean for Bangladesh?
This fiscal year alone, the Bangladesh Bank has supplied more than $4.5 billion to the market to support the exchange rate, while the import bill averages $6 billion a month.
When currency, not arms, is the weapon of choice
The use of money for good and bad has a long history.
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.
Forex pressure may ease by Dec but inflation to stay
The record fuel price hike last week has thrown a spanner in the works to the finance division’s projection of bringing the twin problems of inflation and delicate foreign currency reserves under control by December.
IMF stands ready to help Bangladesh
The International Monetary Fund yesterday conveyed its interest to support Bangladesh with its request for loan to prop up its strained foreign currency reserves.
“Have enough forex reserves to import food for 6-9 months”
Prime Minister Sheikh Hasina today (July 27, 2022) said Bangladesh would be able to meet six to nine months of import expenditures with the existing foreign currency reserves.
Forex reserves under strain: Govt defers employees' foreign tours, less important projects
The government finally raised its guard against the dwindling dollar reserves, putting its employees’ foreign tours on hold and deferring projects that require much imports.