exchange rate
Banks sell dollar at more than Tk 118 as pressure mounts
The chief executives of at least three private commercial banks told The Daily Star that the BB had verbally allowed them to quote Tk 1 more than the exchange rate to collect US dollars amid the ongoing forex crunch.
Opinion / The farce of expressing PCI in taka
This is nothing more than a poor trick that will eventually produce no real gain.
Weekly Interview / ‘Wide gap in exchange rates hurts remittance’
Beneficiaries of wage earner remitters receive a 2.50 percent cash incentive on top of the market-determined exchange rate for any amount of remittance inflow.
Dollar Manipulation: BB asks 10 banks to explain
The Bangladesh Bank has asked 10 banks’ managing directors why their treasury heads should not be penalised for their involvement in dollar rate manipulation this year.
Forex volatility costs large firms Tk 65,000cr
Bangladesh’s conglomerates have lost Tk 65,000 crore over the past one year because of the fluctuation of the value of the taka against the US dollar as loans have become costlier due to the volatile global economy, said a noted economist yesterday.
Taming inflation, maintaining exchange rate stability critical: BB
The major challenges for Bangladesh will be keeping inflation under control while maintaining currency rate stability in the coming days, according to the Bangladesh Bank's annual report.
Only two options left for macroeconomic stability
Bangladesh does not have too many policy options other than reducing consumption of goods and services and making the exchange rate flexible in order to ensure macroeconomic stability, said a central bank report.
What does the IMF loan mean for Bangladesh?
This fiscal year alone, the Bangladesh Bank has supplied more than $4.5 billion to the market to support the exchange rate, while the import bill averages $6 billion a month.
Three factors holding back economy
The interest rate cap on loans, the frequent changes to the exchange rate regime and a relaxed attitude to enforcing austerity measures are the major challenges facing Bangladesh in restoring stability in the economy.
Price hike: Don’t worry, be happy – no matter what
If things are bad, there must be a good reason for it.
‘Bangladesh Bank should go for flexible rates for exchange, interest’
He came up with the remark while delivering speech at the “First MAM Kazemi Memorial Lecture on Monetary Policy” held in Bangladesh Institute of Bank Management.
Banks asked to convert export proceeds into taka immediately
Bangladesh Bank has asked banks to convert major export earnings of businesses into taka immediately as it looks to increase the supply of US dollars in the economy.
Forex market volatility: Banks to suggest uniform exchange rates
The Bangladesh Bank today asked banks to suggest uniform exchange rates of the taka against the US dollar in order to bring back the stability in the country’s foreign exchange market.
Forex reserve hits $27bn mark
The foreign currency reserve of Bangladesh hits a new record crossing a $ 27-billion mark.