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.
Foreign aid sees higher utilisation
The use of foreign aid for development projects in Bangladesh jumped 49 per cent year-on-year in July, providing some relief to the government amid the ongoing pressure on the country’s foreign exchange reserves.
Five ways the dollar crisis impacts RMG makers in Bangladesh
In recent months, the Bangladeshi taka has plummeted to new depths against the US dollar amid a worsening foreign exchange reserve crisis.
Bangladesh economy: Not in crisis but under stress
Bangladesh’s economy is experiencing stress because of the pressure on the foreign exchange reserves, but the situation is not as alarming as many think, said top brass in the financial sector yesterday.
Save dollars: PM orders suspension of Teletalk’s 5G project
Prime Minister Sheikh Hasina has ordered the suspension of Tk 236 crore 5G project of Teletalk to keep the country’s foreign exchange reserves stable.
Use legal channel instead of hundi to send remittance: experts
The government high-ups and the top commercial bankers today urged expatriate Bangladeshis to send their money through the legal channel instead of using hundi – an illegal cross-border money transfer network.
China top holder of foreign exchange reserve in Asia
China is the world's largest holder of foreign exchange reserves. It has over two and half times more foreign reserves than the second largest reserve holder, Japan. The Asian giant has US$3.483 trillion of foreign exchange reserves, despite recent fall in foreign reserves.
No Surprise; It Keeps Growing
It is often said that numbers do not lie, but when it comes to the Bangladesh economy, the saying appears to be on shaky grounds.