Forex

According to a news release issued by Bangladesh Bank here today, the country’s foreign exchange reserves currently total US$26.79 billion. However, according to the Balance of Payments and International Investment Position Manual (BPM6), which is used...

Bangladesh Bank  (BB) has allowed the mobile operators to receive roaming bills in Taka. “To make roaming services easier for resident Bangladeshi travellers, it has been decided that mobile operators in Bangladesh can accept payments from a customer in...

Following a police raid on the residence of Ekrem Imamoglu, the influential opposition mayor of Istanbul, the Turkish lira fell to its lowest level ever against the US dollar on Wednesday. After the mayor, a major...

According to both parties, MGX, a firm located in the United Arab Emirates, has paid $2 billion to acquire a minority position in cryptocurrency exchange Binance, making it the largest investment into a crypto startup. Binance’s...

For the first time in over three months, Bitcoin fell below $80,000 on Friday as a sell-off in the cryptocurrency space accelerated due to market uncertainty worldwide. Early Asian trading saw the digital unit drop as...

In an effort to stabilize the currency rate market, the Bangladesh Bank has formally declared a maximum exchange rate of Taka 123 per dollar for remittance collection. The Bangladesh Bank announced today that the estimated rate...

The gross foreign exchange reserves of Bangladesh have surpassed US$26 billion. The most recent data indicates that foreign exchange reserves total $26.09 billion. But according to the IMF’s BPM-6 calculation standard, the reserve is more than...

The gross foreign exchange reserves of Bangladesh have surpassed US$24 billion. The most recent data indicates that foreign exchange reserves total $24.8 billion USD. However, the reserve is more over $20 billion based on the IMF’s...

Following directives from the central bank to raise interest rates in an effort to encourage more remittances through the legal channels, banks have raised the value of the US dollar to Tk119.40. On Monday, July 29,...

Bangladeshis living abroad sent about US$2.542. June saw billions of remittances, the most in the previous 47 months. Data from Bangladesh Bank (BB) show that during the just ended fiscal year 2023–24 (FY24), Bangladesh received US$23.92...