foreign exchange reserves
Rising remittance provides a breather amid forex crisis
Remittance inflow has continued to rise for the past few months, providing a breather for a country facing multiple challenges, including external payment pressures amid dwindling foreign exchange reserves.
MCCI projects higher imports, remittances and slowing inflation
Three major indicators of the economy -- imports, remittances and foreign exchange reserves -- are likely to increase in the first quarter of the current fiscal year, a positive development for the external accounts, according to the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI).
Reserves come down to $20.46 billion after ACU payment
$1.42 billion of import bills for May and June were paid through Asian Clearing Union (ACU)
Reserves fall below $19 billion, first time in 11 months
$1.63 billion of ACU payment was settled today
Forex reserves rise by $1.51 billion in a week
Reserves stood at $20.68 billion on Dec 20
IMF, ADB loans to boost reserves in Dec: Bangladesh Bank
IMF will give $689 million, ADB $400 million and other sources $220 million
BB goes shopping to private banks for dollar
Bangladesh Bank is hunting for dollars to rebuild its depleting foreign exchange reserves ahead of the January 7 national election.
Inflationary pains for common people to persist
Like in the outgoing financial year, the common people in Bangladesh will continue to suffer from higher consumer prices in 2023-24 as the factors behind the elevated level of inflation are unlikely to change dramatically.
Private sector’s foreign loan repayment to drop 42% in 2023
The Bangladesh Bank has projected that loan repayments against mid- and long-term foreign credits secured by the private sector might fall by 42.6 per cent in 2023, but the development might not bring about major relief for an economy reeling under the forex crisis.
Assess gravity of current problems first
The government is yet to take any comprehensive corrective measures to tackle macroeconomic challenges as it has not properly assessed the gravity of the situation in the current fiscal year, an economist said.
We must curb rising inequality
Reforms following the IMF prescription should not harm disadvantaged groups
What Bangladesh's new budget should offer to common people
The upcoming budget poses significant challenges – arguably the most challenging in recent times – for economic policymaking in Bangladesh.
GDP growth slows to 6.03% in FY23
The economy is estimated to have expanded at a slower-than-expected pace in 2022-23, said the Bangladesh Bureau of Statistics (BBS) yesterday, a figure that analysts describe as good in view of elevated inflation, slowing exports and remittances and the ongoing pressure on the country’s foreign exchange reserves.
Reserves cross $30 billion
It hit $30.36 billion on May 9 thanks to a WB loan of $507 million
Reserves drop below $30 billion
It hit $29.77 billion on May 7
Taka keeps falling, forex reserves slip below $31b
The taka has lost its value further against the US dollar after the Bangladesh Bank sold the greenback at Tk 104.5 as the foreign exchange reserves keep falling.
Forex reserves fall below $31 billion
It hit $30.92b on April 30, down from $44.01b on same day a year ago
Gas price hike spells trouble for industries
The latest hike of gas prices undoubtedly spells trouble for industries as they will try to shift the burden onto consumers by raising product prices, which will boomerang onto them by eating away at their competitiveness in international markets.
Lanka gets 6 more months to repay BB’s $200m
Bangladesh Bank yesterday granted Sri Lanka’s request to be given six more months to repay a $200 million loan due to the prolonging of its economic crisis.