foreign exchange

August 11, 2022
August 11, 2022

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.

August 6, 2022
August 6, 2022

Government’s decision to hike fuel prices will hurt every section of society

The rise in fuel prices is an illogical decision that will only harm ordinary citizens and fail to deal with the root causes of the crisis that Bangladesh is currently facing.

August 3, 2022
August 3, 2022

Taking loans v tackling laundering: Which serves our long-term interests best?

Fighting tax evasion, preventing trade-based illicit financial outflows and ending the culture of money laundering and loan defaults is a much more sustainable solution to adding to foreign exchange reserves than taking foreign loans on interest.

July 1, 2022
July 1, 2022

What made the dollar crisis worse?

One dollar now costs almost Tk 100. The taka has been losing its value against the US dollar for months, with no signs of it changing.

May 16, 2022
May 16, 2022

Pakistan receives all-time high $3b remittances in April

For the first time, Pakistan’s remittances crossed the figure of $3 billion in a month, which gave hope that the country would achieve its annual remittance target of $30bn.

July 18, 2018
July 18, 2018

Bank's shady foreign exchange dealings

The Bangladesh Bank (BB) has found that a state-owned bank is openly skirting rules when it comes to foreign exchange transactions. Several major business houses which have been allowed to open letters of credit (LC) and transfer funds abroad, have not submitted bills of entry, which is a proof of goods entering country.

July 17, 2018
July 17, 2018

Unsettled Lcs, ghostly import

The Bangladesh Bank has detected some gross violations in foreign exchange transactions that have raised concerns about money laundering.

July 2, 2015
July 2, 2015

Record $15.30bn remittance in FY 2014-15

Bangladesh received record $15.3 billion in remittance from expatriates working abroad in the last fiscal year.

May 21, 2015
May 21, 2015

Qatar 'still failing' migrant workers: Amnesty

Qatar has made little progress improving migrant workers' rights, despite promises to do so, the rights group Amnesty International has said.

May 6, 2015
May 6, 2015

China reaches out to Indian Ocean through Pakistan

China is uncomfortable about the Indo-US alliance to dominate the region.