Dollar
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Remittance collection rate at Tk 123 per dollar: BB
Dec 31, 2024In 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 dollar started in a cautious mood on Monday
Nov 11, 2024The dollar started in a cautious mood on Monday as markets braced for U.S. inflation data and a throng of Federal Reserve speakers this week, while the yuan nursed a hangover from Beijing’s latest underwhelming stimulus... -
The dollar eased in the initial reaction to Joe Biden’s decision to end his reelection campaign
Jul 22, 2024The dollar eased on Monday in the initial reaction to U.S. President Joe Biden’s decision to end his reelection campaign, clearing the way for another Democrat to challenge Donald Trump. China’s yuan was largely unfazed by... -
Equities and the dollar were rangebound on Wednesday
Jul 18, 2024Equities and the dollar were rangebound Wednesday while gold hit a fresh record as expectations for a US interest rate cut played up against the prospect of another Donald Trump presidency that analysts say could see... -
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,... -
Egypt faces dollar crunch as debt explodes
Feb 1, 2024High-street retailers like Starbucks and The Body Shop are feeling the pinch of Egypt’s economic turmoil as analysts wonder how the most populous country in the Arab world will pay back its spiraling debt. The US... -
Dollar depreciation a prudent move: BB
Nov 23, 2023The decision of the Association of Bankers, Bangladesh (ABB) and the Bangladesh Foreign Exchange Dealers’ Association (Bafeda) to devalue the dollar by Taka 0.50 has been applauded by Bangladesh Bank (BB). “In the last several months,... -
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... -
BAFEDA and ABB reduced the buying and selling rates of dollar by Tk 0.50 in Bangladesh
Nov 23, 2023Bangladesh Foreign Exchange Dealers Association (BAFEDA) and Association of Bankers, Bangladesh (ABB) have reduced the buying and selling rates of dollar by Tk 0.50. The price for purchasing dollars for export proceeds and remittance fell to... -
The dollar began the last trading week of the month on the back foot
Apr 24, 2023The dollar began the last trading week of the month on the back foot, with traders awaiting a slew of central bank meetings in May for clues on when the steepest global monetary policy tightening campaign...
