foreign currency reserves

Reserves drop below $20b after ACU payment

After remaining above the $20 billion mark for just three days, Bangladesh's foreign currency reserves dropped to $18.46 billion after the country paid its regional import bills on October 9.

Forex reserves decline by $1.3 billion in a month

Reserves stood at $20.48 billion on July 31, down from $21.78 billion a month ago

Forex reserves rise by $300 million in a week

Reserves hit $19.53 billion on June 19, up from $19.21 billion on June 12

Budget For Fy25: 53pc rise in allocation for debt servicing

The government’s allocation to repay foreign debts may reach Tk 57,000 crore in the next budget, a 53 percent rise from the current year, putting further pressure on the country’s dwindling foreign currency reserves.

‘Bangladesh robbed of $14b in 3 years’

Says PM’s Energy Adviser Tawfiq-e-Elahi Chowdhury on global oil price hike

BB introduces counter-trade to ease forex pressure

The Bangladesh Bank has unveiled the counter-trade policy, an arrangement that promotes direct exchanges of goods and services without cash, with a view to reducing pressure on dwindling foreign currency reserves.

A bleak time to draw up budget

In June last year when Finance Minister AHM Mustafa Kamal placed the budget in parliament, inflation had already been creeping up and the foreign currency reserves were on the decline. These two had derailed the full economic recovery from a two-year crisis wrought by the Covid pandemic.

Lessons learned from disruptions caused by Covid-19, war

The business sector in Bangladesh has been going through severe challenges for the past four years, which, for many, have been the toughest period in decades, with the coronavirus pandemic being the dominant factor in the early part before the Russia-Ukraine war broke out. Today, we are running the last report of a series and it focuses on the lessons for the businesses from the two unprecedented shocks.

December 27, 2022
December 27, 2022

Phones, laptops, internet turned pricier in 2022

Bangladesh’s steady embrace of digitalisation, spearheaded by a growing number of tech startups and rising software and IT service exports, has suffered a heavy blow from the imposition of new taxes this year. 

December 22, 2022
December 22, 2022

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.

November 10, 2022
November 10, 2022

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.

October 12, 2022
October 12, 2022

When currency, not arms, is the weapon of choice

The use of money for good and bad has a long history.

September 24, 2022
September 24, 2022

Bangladesh’s currency conundrum: What role can interest rates play?

Bangladesh Bank can better fix the currency turmoil by freeing both interest rate and exchange rate to adjust over time.

August 11, 2022
August 11, 2022

Forex pressure may ease by Dec but inflation to stay

The record fuel price hike last week has thrown a spanner in the works to the finance division’s projection of bringing the twin problems of inflation and delicate foreign currency reserves under control by December.

August 4, 2022
August 4, 2022

IMF stands ready to help Bangladesh

The International Monetary Fund yesterday conveyed its interest to support Bangladesh with its request for loan to prop up its strained foreign currency reserves.

July 27, 2022
July 27, 2022

“Have enough forex reserves to import food for 6-9 months”

Prime Minister Sheikh Hasina today (July 27, 2022) said Bangladesh would be able to meet six to nine months of import expenditures with the existing foreign currency reserves.

May 12, 2022
May 12, 2022

Forex reserves under strain: Govt defers employees' foreign tours, less important projects

The government finally raised its guard against the dwindling dollar reserves, putting its employees’ foreign tours on hold and deferring projects that require much imports.

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