Forex reserve Bangladesh
IMF charts ways to discipline money market, boost revenue
IMF has set six new benchmark conditions for Bangladesh to restore discipline in the money market and boost revenue generation.
BB plans raft of measures to fight economic crisis
The Bangladesh Bank is going to take a raft of policy measures to tackle inflationary pressure, volatility in the foreign exchange market and growing non-performing loans (NPLs) and give a much-needed boost to the forex reserve.
BB income from foreign currency reserve jumps
Bangladesh Bank’s income from foreign currency reserves has gone up 108 percent year-on-year to Tk 6,000 crore in fiscal year 2022-23, as per the central bank’s annual report.
Forex shock to remain as major challenge
With a huge deficit in its financial account balance and foreign exchange reserves depleting, Bangladesh’s main challenge in the coming months will be tackling foreign exchange shocks, said economists yesterday.
Foreign banks’ forex income soars
The earnings of foreign banks operating in Bangladesh rocketed in 2022 buoyed by their incomes from the dealings of international currencies.
Wide gap in formal-informal exchange rates led to forex reserve slide: WB
A wide gap in formal and informal exchange rate has been one of the factors behind the sharp fall in the foreign exchange reserves in Bangladesh as it shifts remittances from official channels to unofficial routes and impedes repatriation of export proceeds, said the World Bank.
Come June, reserves will hit $37.7b
The government is expecting the shrinking foreign currency reserves will buck the trend and hit $37.7 billion by June thanks to lower imports and budget support from development partners.
How did 2022 go for Bangladesh?
Bangladesh economy was all set at the beginning of 2022 to get its growth momentum back after recovering from the prolonged Covid-19 pandemic. But, the start of the Ukraine war in February slowed the country’s joy run significantly, making it an eventful year to remember. Let’s see how 2022 was for Bangladesh.
Resolving liquidity crunch in our financial sector
Restoring equilibrium in both money market and forex market should be the central bank’s singular goal.
Current account balance: Deficit to remain high till 2027
Bangladesh will continue to see high deficit in its current account balance till 2027, predicts the International Monetary Fund.
What Bangladesh needs to consider before devaluing the taka further
The taka has been devalued against the dollar in seven steps this year.
Forex reserve falls to $39.05b
Bangladesh’s foreign exchange reserve has started to decline once again as it stood at $39.05 billion yesterday in contrast to $39.21 billion the day before.
Forex volatility persists despite Bangladesh Bank's intervention
Volatility continued to prevail in the country’s foreign exchange market, with the price of every dollar hitting a record Tk 119 in the open market yesterday from Tk 115 on Monday.
Largest loan from IMF on the cards
The International Monetary Fund is expecting a formal request for a loan from Bangladesh soon to provide a buffer to the delicate foreign currency reserves amid global economic volatility even though the government remains in two minds about it.
Increased purchase price of oil, LNG putting negative impact on forex reserves: Momen
Foreign Minister AK Abdul Momen today told parliament that the increased purchase price of oil and LNG is putting a negative impact on foreign exchange reserves.
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.