US dollar

Businesses for using multiple currencies

Bangladesh should cut its over-reliance on the US dollar and increase the use of other currencies such as the Chinese renminbi (RMB) in international trade to ease pressure in the foreign currency market, businesses said. 

August 8, 2022
August 8, 2022

Three ways a strong dollar impacts emerging markets

The US dollar is on a tear, strengthening around 11 per cent since the start of the year and – for the first time in two decades – reaching parity with the Euro. 

August 4, 2022
August 4, 2022

Businesses for using multiple currencies

Bangladesh should cut its over-reliance on the US dollar and increase the use of other currencies such as the Chinese renminbi (RMB) in international trade to ease pressure in the foreign currency market, businesses said. 

August 4, 2022
August 4, 2022

How dollar became global reserve currency

The Second World War changed almost everything in the world. Or in short, we can also say that after WWII, the world changed in a way it had not changed for many years.

July 6, 2022
July 6, 2022

Bangladesh Bank toughens rules further to curb imports

In an effort to keep the foreign exchange reserves stable, the Bangladesh Bank yesterday asked banks to take up to 100 per cent of import payments in advances from businesses while opening letters of credit (LCs) for luxury and non-essential items. 

June 29, 2022
June 29, 2022

US dollar more expensive against taka

The US dollar became more costlier yesterday as the local currency depreciated once again in the inter-bank platform. 

June 13, 2022
June 13, 2022

Taka falls again, 1 USD now Tk 92.5

The local currency today depreciated further against the US dollar, hitting Tk 92.50 for each greenback in the interbank platform.

June 7, 2022
June 7, 2022

Taka falls for 11th time, 1 USD now Tk 92

The local currency today depreciated further against the US dollar, hitting Tk 92 against each green back in the interbank platform.

June 3, 2022
June 3, 2022

Bangladesh Bank lets taka float against US dollar

In an effort to stabilise the forex market, Bangladesh Bank has decided to allow the exchange rates of the taka to float against the US dollar for the first time in a decade.

May 27, 2022
May 27, 2022

Taka may be weakened further

Bangladesh’s national currency may weaken further against the US dollar as the central bank has moved to restore stability in the foreign exchange market.

May 26, 2022
May 26, 2022

Forex market volatility: Banks to suggest uniform exchange rates

The Bangladesh Bank today asked banks to suggest uniform exchange rates of the taka against the US dollar in order to bring back the stability in the country’s foreign exchange market.