Bangladesh foreign exchange reserves
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.
Bangladesh’s net forex reserve below $18 billion: Zahid Hussain
Bangladesh’s net foreign currency reserves would be less than $18 billion if the central bank’s liabilities are considered, said Zahid Hussain, a former lead economist of the World Bank's Dhaka office, today.
S&P lowers Bangladesh's rating outlook to negative on liquidity risks
S&P Global Ratings on Tuesday lowered Bangladesh's long-term rating outlook to negative from stable, citing risks the country's external liquidity position could deteriorate in the next year while foreign exchange reserves remain under pressure
Banks’ risky loans thrice as large
After the sudden drop in Bangladesh’s official foreign exchange reserves on July 13, another rude shock awaits: as per IMF conditions, the banking sector’s distressed assets will be published, in what would make for a grim reading about the industry’s health.
Why the US dollar is an optimal reserve currency for Bangladesh
The proposition that Bangladesh will move away from the US dollar-based payment settlement to a new international payment settlement is of no economic substance.
Rising external debt poses risks to forex reserves
Rising external debt may pose some risks to Bangladesh’s foreign exchange reserves in the future as higher debt servicing will be required on accumulated loans, said the Bangladesh Bank yesterday.
Forex reserve still in comfort zone: Bangladesh Bank governor
Bangladesh Bank Governor Fazle Kabir today said the country’s foreign exchange reserves are still in a comfort zone.
Bangladesh Bank says bankers can travel abroad at own expense
Just a day after restricting all sorts of foreign travels of bank employees, Bangladesh Bank yesterday (May 23, 2022) said bankers can travel abroad for essential personal purposes at their own expense.
Managing exchange rate regime: any cause for panic?
Exchange rate management has become a frontline issue in Bangladesh in recent times. The sharp rise in the price of the dollar and the significant decline in the foreign exchange reserves within a short span of time have sent shock waves across the economy.
