foreign exchange

Reserves surpass $31 billion

It hits $31.15 billion today

Financial account deficit goes past $2b

The deficit in Bangladesh’s financial account widened further in the first nine months of the ongoing fiscal year, an indication that the current instability in the foreign exchange market will continue in the coming months. 

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.

Wide gap in formal-informal exchange rates led to forex reserve slide: WB

A wide gap in formal and informal exchange rate has been one of the factors behind the sharp fall in the foreign exchange reserves in Bangladesh as it shifts remittances from official channels to unofficial routes and impedes repatriation of export proceeds, said the World Bank.

Biman eyeing 10 Airbus planes

Biman directors have accepted in principle a proposal to buy 10 Airbus planes.

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.

No visible step from BB to ease importers’ woes

The Bangladesh Bank is yet to take any visible measure in line with a commerce ministry directive aimed at asking banks to earmark a portion of their foreign currency holdings to open letters of credit to import essentials ahead of Ramadan. 

No forex crisis from Jan 2023: Bangladesh Bank Governor

Bangladesh Bank Governor Abdur Rouf Talukder has said there will be no foreign exchange crisis from January 2023, as the country's exports and remittances are in surplus compared to imports.

Timely steps can help avert crisis

Bangladesh may fall into deep economic crisis unless it puts in place comprehensive policies and reforms, and starts implementing them immediately, said a number of economists yesterday.

June 26, 2023
June 26, 2023

Reserves surpass $31 billion

It hits $31.15 billion today

May 11, 2023
May 11, 2023

Financial account deficit goes past $2b

The deficit in Bangladesh’s financial account widened further in the first nine months of the ongoing fiscal year, an indication that the current instability in the foreign exchange market will continue in the coming months. 

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 10, 2023
May 10, 2023

Wide gap in formal-informal exchange rates led to forex reserve slide: WB

A wide gap in formal and informal exchange rate has been one of the factors behind the sharp fall in the foreign exchange reserves in Bangladesh as it shifts remittances from official channels to unofficial routes and impedes repatriation of export proceeds, said the World Bank.

May 5, 2023
May 5, 2023

Biman eyeing 10 Airbus planes

Biman directors have accepted in principle a proposal to buy 10 Airbus planes.

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.

January 19, 2023
January 19, 2023

No visible step from BB to ease importers’ woes

The Bangladesh Bank is yet to take any visible measure in line with a commerce ministry directive aimed at asking banks to earmark a portion of their foreign currency holdings to open letters of credit to import essentials ahead of Ramadan. 

November 17, 2022
November 17, 2022

No forex crisis from Jan 2023: Bangladesh Bank Governor

Bangladesh Bank Governor Abdur Rouf Talukder has said there will be no foreign exchange crisis from January 2023, as the country's exports and remittances are in surplus compared to imports.

November 8, 2022
November 8, 2022

Timely steps can help avert crisis

Bangladesh may fall into deep economic crisis unless it puts in place comprehensive policies and reforms, and starts implementing them immediately, said a number of economists yesterday.

October 12, 2022
October 12, 2022

PM for boosting farm products to earn more foreign currency

Prime Minister Sheikh Hasina today (October 12, 2022) called for boosting the country's farm products to help diversify the export basket and earn more in foreign exchange.

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