Bangladesh foreign exchange reserves
Increased remittance inflow encouraging
Upskilling workers, easier migration process can further increase it.
Currency swap pushes forex reserves above $20b
Bangladesh's foreign currency reserves have gone past the $20-billion mark after nearly a month thanks to the currency swap initiated by the central bank.
Reserves remain under pressure
Pressure on the foreign exchange reserves remains high as the deficit in the financial account continues to widen despite the narrowing trade gap and a current account surplus.
Forex reserve shrinks by $120m in a week
Bangladesh's foreign exchange reserve has fallen by nearly $120 million in the span of a week, central bank data showed.
No IMF-prescribed reform before elections
The government has informed the International Monetary Fund (IMF) that it would not initiate any major reforms to enhance foreign exchange reserves and revenue earnings and reduce subsidies before the upcoming parliamentary elections..However, the government promised that drastic reforms w
Market-driven exchange rate not before national polls
The exchange rate volatility and its strain on the foreign currency reserves would not disappear anytime soon after Bangladesh Bank Governor Abdur Rouf Talukder yesterday said a floating US dollar rate would not be materalised before the upcoming national election.
IMF to suggest new exchange rate system
The IMF staff mission is willing to set a lower target for foreign currency reserves for this December and June next year provided the Bangladesh Bank adopts the crawling peg method to manage the exchange rate.
Implement market-driven exchange rate fast: IMF
The International Monetary Fund (IMF) yesterday suggested that banks in Bangladesh should quicken the implementation of market-driven exchange rates as it would help alleviate the ongoing foreign currency crisis.
IMF loan conditions: Govt seeks lower reserve target
Bangladesh has requested the visiting International Monetary Fund staff mission to revise down some of the targets as the existing numbers are not achievable in the present context.
Increased remittance inflow encouraging
Upskilling workers, easier migration process can further increase it.
Currency swap pushes forex reserves above $20b
Bangladesh's foreign currency reserves have gone past the $20-billion mark after nearly a month thanks to the currency swap initiated by the central bank.
Reserves remain under pressure
Pressure on the foreign exchange reserves remains high as the deficit in the financial account continues to widen despite the narrowing trade gap and a current account surplus.
Forex reserve shrinks by $120m in a week
Bangladesh's foreign exchange reserve has fallen by nearly $120 million in the span of a week, central bank data showed.
No IMF-prescribed reform before elections
The government has informed the International Monetary Fund (IMF) that it would not initiate any major reforms to enhance foreign exchange reserves and revenue earnings and reduce subsidies before the upcoming parliamentary elections..However, the government promised that drastic reforms w
Market-driven exchange rate not before national polls
The exchange rate volatility and its strain on the foreign currency reserves would not disappear anytime soon after Bangladesh Bank Governor Abdur Rouf Talukder yesterday said a floating US dollar rate would not be materalised before the upcoming national election.
IMF to suggest new exchange rate system
The IMF staff mission is willing to set a lower target for foreign currency reserves for this December and June next year provided the Bangladesh Bank adopts the crawling peg method to manage the exchange rate.
Implement market-driven exchange rate fast: IMF
The International Monetary Fund (IMF) yesterday suggested that banks in Bangladesh should quicken the implementation of market-driven exchange rates as it would help alleviate the ongoing foreign currency crisis.
IMF loan conditions: Govt seeks lower reserve target
Bangladesh has requested the visiting International Monetary Fund staff mission to revise down some of the targets as the existing numbers are not achievable in the present context.
Falling reserve, rising bad loans worrying
The falling foreign exchange reserves and the ever-rising defaulted loans are very concerning for the economy, and the government should respond fast to avoid a looming crisis, eminent economist Prof Rehman Sobhan said yesterday.