foreign exchange reserves

January 19, 2023
January 19, 2023

Gas price hike spells trouble for industries

The latest hike of gas prices undoubtedly spells trouble for industries as they will try to shift the burden onto consumers by raising product prices, which will boomerang onto them by eating away at their competitiveness in international markets. 

January 13, 2023
January 13, 2023

Lanka gets 6 more months to repay BB’s $200m

Bangladesh Bank yesterday granted Sri Lanka’s request to be given six more months to repay a $200 million loan due to the prolonging of its economic crisis. 

August 31, 2022
August 31, 2022

Foreign aid sees higher utilisation

The use of foreign aid for development projects in Bangladesh jumped 49 per cent year-on-year in July, providing some relief to the government amid the ongoing pressure on the country’s foreign exchange reserves.

August 29, 2022
August 29, 2022

Five ways the dollar crisis impacts RMG makers in Bangladesh

In recent months, the Bangladeshi taka has plummeted to new depths against the US dollar amid a worsening foreign exchange reserve crisis.

August 28, 2022
August 28, 2022

Bangladesh economy: Not in crisis but under stress

Bangladesh’s economy is experiencing stress because of the pressure on the foreign exchange reserves, but the situation is not as alarming as many think, said top brass in the financial sector yesterday. 

August 2, 2022
August 2, 2022

Save dollars: PM orders suspension of Teletalk’s 5G project

Prime Minister Sheikh Hasina has ordered the suspension of Tk 236 crore 5G project of Teletalk to keep the country’s foreign exchange reserves stable.

May 12, 2022
May 12, 2022

Use legal channel instead of hundi to send remittance: experts

The government high-ups and the top commercial bankers today urged expatriate Bangladeshis to send their money through the legal channel instead of using hundi – an illegal cross-border money transfer network.

July 22, 2017
July 22, 2017

China top holder of forex reserve in Asia

China is the world's largest holder of foreign exchange reserves. It has over two and half times more foreign reserves than the second largest reserve holder, Japan. The Asian giant has US$3.483 trillion of foreign exchange reserves, despite recent fall in foreign reserves.

December 31, 2015
December 31, 2015

No Surprise; It Keeps Growing

It is often said that numbers do not lie, but when it comes to the Bangladesh economy, the saying appears to be on shaky grounds.