forex reserves
Forex reserves cross $30 billion
Thanks to higher inflow of remittances for Eid-ul-Azha
Forex reserves to rise to $30 billion by June
Bangladesh Bank says
Govt cuts public food imports to save forex
Bangladesh plans to cut public foodgrain imports in the next fiscal year in an effort to save foreign currencies and avoid putting further pressure on the already strained forex reserves.
Stress on forex reserves to ease soon: Kamal
Finance Minister AHM Mustafa Kamal today in his budget speech hoped that the ongoing stress in the foreign exchange reserves would improve in a short period of time.
Why the US dollar is an optimal reserve currency for Bangladesh
The proposition that Bangladesh will move away from the US dollar-based payment settlement to a new international payment settlement is of no economic substance.
Wide gap in formal-informal exchange rates led to forex reserve slide: WB
The multilateral lender says in its latest regional economic update
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.
Forex reserves fall below $31 billion
It hit $30.92b on April 30, down from $44.01b on same day a year ago
ADP revision: Govt doing opposite of what’s needed
It seems the government is doing an about-turn from the austerity stance taken at the start of the fiscal year.
2022: a year of revival, struggle and resilience
Bangladesh welcomed 2022 on a strong footing and was about to recover from the coronavirus pandemic in full swing and fire on all cylinders. In fact, economic activities were almost back to the pre-Covid level.
Forex reserves dip below $34 billion
Bangladesh's foreign currency reserves fell below $34 billion today after the central bank sold $71 million in in the interbank market to help banks clear import bills, said a Bangladesh Bank official.
Revisit process of policymaking, not just the policies
The burden of imported inflation and supply-side implications of reduced imports will have adverse implications for economic growth and welfare, particularly of marginalised people.
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.
Rising external debt poses risks to forex reserves
Rising external debt may pose some risks to Bangladesh’s foreign exchange reserves in the future as higher debt servicing will be required on accumulated loans, said the Bangladesh Bank yesterday.
Govt to ask IMF for 4.5b loan assistance
A Bangladesh delegation will discuss a $4.5 billion loan with International Monetary Fund officials in Washington next week.
‘We can’t afford any further depletion of our forex reserves’
Ahsan H Mansur of Policy Research Institute talks about Bangladesh’s current economic crisis with Eresh Omar Jamal of The Daily Star.
“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.
Bangladesh Bank toughens stance against luxury imports
In the face of falling foreign exchange reserves, Bangladesh Bank yesterday instructed banks to take up to 75 per cent of import payments in advance from businesses to open letters of credit (LCs) for luxury and non-essential goods.
