Forex
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Dollar price hiked to Tk119.4 for remittance
Jul 30, 2024Following 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,... -
Remittance hits 47-month high
Jul 1, 2024Bangladeshis 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... -
Forex reserves cross $27b: Bangladesh Bank
Jun 30, 2024Bangladesh’s foreign exchange reserves have surpassed US$27 billion thanks to loans of $1.15 billion from the International Monetary Fund (IMF) and $900 million from other lenders. Speaking with BSS, Mezbaul Haque, the executive director and spokeswoman... -
Dollars flow back into banks through RFCD accounts
Mar 2, 2024Given that resident foreign currency deposit (RFCD) accounts can earn up to 7% interest on dollar deposits, dollars and other foreign currencies that were previously kept at homes have begun to return to the banks. Additionally,... -
Forex reserves increase after loans from IMF, ADB
Dec 18, 2023After receiving loan payments from the Asian Development Bank (ADB) and the International Monetary Fund (IMF), Bangladesh Bank’s foreign exchange reserves have increased. As of the moment, the gross reserves total USD 25.82 billion. Applying the... -
Dollar price cut by Tk0.50 after over a year of hikes!
Nov 23, 2023The buying and selling rates of the dollar were decreased by Tk0.50 after more than a year of hikes. The price for purchasing dollars for export proceeds and remittance fell to Tk110, down from Tk110.50. The... -
Forex reserve dips by $1.62b in 20 days
Sep 23, 2023In the first 20 days of September, Bangladesh’s foreign exchange reserve experienced a large loss of $1.62 billion. The most recent development brings the reserve’s total to $21.45 billion. According to a recent report released by... -
Bangladesh, India to begin bilateral trade in rupee next month
Jun 24, 2023Bangladesh and India are all prepared to use the rupee in bilateral commercial transactions, signaling a dramatic change away from the historic reliance on the US currency. The new transaction tool is expected to be launched... -
Forex reserves cross $30 billion again
Jun 21, 2023Bangladesh’s foreign exchange reserves have now surpassed the $30 billion level, up from $29.95 billion yesterday, as remittance inflows are now on the rise in front of Eid-ul-Azha. Data from the Bangladesh Bank show that between... -
China approves $1.3b loan rollover for Pakistan: Finance minister
Mar 6, 2023Ishaq Dar, the finance minister, said that the Industrial and Commercial Bank of China Ltd 1398.HK authorized a rollover of a $1.3 billion loan for cash-strapped Pakistan on Friday. This will support Pakistan’s dwindling foreign exchange...
