foreign exchange reserves

Forex reserves rise by $1.51 billion in a week

Reserves stood at $20.68 billion on Dec 20

IMF, ADB loans to boost reserves in Dec: Bangladesh Bank

IMF will give $689 million, ADB $400 million and other sources $220 million

BB goes shopping to private banks for dollar

Bangladesh Bank is hunting for dollars to rebuild its depleting foreign exchange reserves ahead of the January 7 national election.

Inflationary pains for common people to persist

Like in the outgoing financial year, the common people in Bangladesh will continue to suffer from higher consumer prices in 2023-24 as the factors behind the elevated level of inflation are unlikely to change dramatically.

Private sector’s foreign loan repayment to drop 42% in 2023

The Bangladesh Bank has projected that loan repayments against mid- and long-term foreign credits secured by the private sector might fall by 42.6 per cent in 2023, but the development might not bring about major relief for an economy reeling under the forex crisis.

Export rebound in May provides some relief

Bangladesh’s exports bounced back in May after declining in the preceding two months riding on increased shipment of garments, the main export earning sector, according to data released by the Export Promotion Bureau (EPB) yesterday.

National Budget FY2023-24 / Assess gravity of current problems first

The government is yet to take any comprehensive corrective measures to tackle macroeconomic challenges as it has not properly assessed the gravity of the situation in the current fiscal year, an economist said.  

We must curb rising inequality

Reforms following the IMF prescription should not harm disadvantaged groups

What Bangladesh's new budget should offer to common people

The upcoming budget poses significant challenges – arguably the most challenging in recent times – for economic policymaking in Bangladesh.

May 10, 2023
May 10, 2023

Reserves cross $30 billion

It hit $30.36 billion on May 9 thanks to a WB loan of $507 million

May 8, 2023
May 8, 2023

Reserves drop below $30 billion

It hit $29.77 billion on May 7

May 3, 2023
May 3, 2023

Taka keeps falling, forex reserves slip below $31b

The taka has lost its value further against the US dollar after the Bangladesh Bank sold the greenback at Tk 104.5 as the foreign exchange reserves keep falling.

May 2, 2023
May 2, 2023

Forex reserves fall below $31 billion

It hit $30.92b on April 30, down from $44.01b on same day a year ago

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.

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