However, November’s inflow of $2.2 billion was 8.16% lower than the previous month
Repayments will be made from the remittances sent home
Migrant Bangladeshis sent in $2.40 billion in September, 8.12% higher than August
Imports, remittances and forex reserves are likely to increase, the leading chamber says
Reserves stood at $20.48 billion on July 31, down from $21.78 billion a month ago
The move was taken to boost remittance inflow
It hit $2.54 in June this year, up from $2.19 billion in the same month last year
Bangladesh’s gross foreign exchange is likely to stand at $30 billion at the end of 2022-23 fiscal year, lowest in four years, according to the International Monetary Fund (IMF).
Bangladeshi conglomerates counted Tk 65,000 crore in losses in the last one year because of the fall of the local currency against the US dollar, which made loans costlier amid global economic volatility, a noted economist said today.
Over 11.35 lakh Bangladeshis migrated to foreign nations in 2022, the highest ever in the history of the south Asian country.
Bangladesh economy was all set at the beginning of 2022 to get its growth momentum back after recovering from the prolonged Covid-19 pandemic. But, the start of the Ukraine war in February slowed the country’s joy run significantly, making it an eventful year to remember. Let’s see how 2022 was for Bangladesh.
Remittance flow to Bangladesh is projected to drop by $1 billion to $21 billion this year from $22 billion last year, according to the World Bank.
Taking selfies from the stands and sitting on the grassy pitch, thousands of migrant workers gathered in a Doha stadium to watch the opening match of the first World Cup in the Middle East.
Jamuna Bank Limited has received approval from the Bangladesh Bank to establish an exchange house in Spain.
The Bangladesh Financial Intelligence Unit (BFIU) yesterday froze 230 accounts of several mobile financial service providers as the accountholders were allegedly involved in hundi.
The exchange rate of dollar needs to be freed to make the garment business profitable at this crisis time, said a top leader of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) today.
"Complacency has brought us to the current forex reserve situation,” said Salehuddin Ahmed, former governor of the Bangladesh Bank.
