Bangladesh is being deprived of dollars equivalent to Tk 100 crore every day due to illegal buying and selling of foreign currency at the airport, said Mahbub Hossain, secretary of the Anti-Corruption Commission.
BB yesterday barred banks from transferring foreign currency to their offshore units
Bangladesh's export sector showed its prowess in 2022 despite the devastating Russia-Ukraine war, unprecedented freight costs, energy crisis, record inflation and a risk of a recession that loomed throughout the outgoing year.
Betel leaf grown in Kushtia is not only popular across Bangladesh, but also beyond the country’s borders with increasing exports in the last several years encouraging more farmers to cultivate the crop.
Bangladesh welcomed 2022 on a strong footing and was about to recover from the coronavirus pandemic in full swing and fire on all cylinders. In fact, economic activities were almost back to the pre-Covid level.
A new digital platform rolled out by the Bangladesh Bank has opened a new horizon for local businesses to do trade with foreign currencies on a real-time basis.
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.
Customs Intelligence arrest a man with huge amount of foreign currencies equivalent to Tk 12.91 lakh from Hazrat Shahjalal International Airport in Dhaka.
Bangladesh Bank has identified the people involved in the hacking of around $100 million (Tk 780 crore) from its foreign currency account with the Federal Reserve Bank of New York, claim BB officials. Almost the entire amount was transferred online to the Philippines banking system and a small portion of it to Sri Lanka by suspected Chinese hackers on February 5, they said.
Bangladesh is being deprived of dollars equivalent to Tk 100 crore every day due to illegal buying and selling of foreign currency at the airport, said Mahbub Hossain, secretary of the Anti-Corruption Commission.
BB yesterday barred banks from transferring foreign currency to their offshore units
Bangladesh's export sector showed its prowess in 2022 despite the devastating Russia-Ukraine war, unprecedented freight costs, energy crisis, record inflation and a risk of a recession that loomed throughout the outgoing year.
Betel leaf grown in Kushtia is not only popular across Bangladesh, but also beyond the country’s borders with increasing exports in the last several years encouraging more farmers to cultivate the crop.
Bangladesh welcomed 2022 on a strong footing and was about to recover from the coronavirus pandemic in full swing and fire on all cylinders. In fact, economic activities were almost back to the pre-Covid level.
A new digital platform rolled out by the Bangladesh Bank has opened a new horizon for local businesses to do trade with foreign currencies on a real-time basis.
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.
Customs Intelligence arrest a man with huge amount of foreign currencies equivalent to Tk 12.91 lakh from Hazrat Shahjalal International Airport in Dhaka.
Bangladesh Bank has identified the people involved in the hacking of around $100 million (Tk 780 crore) from its foreign currency account with the Federal Reserve Bank of New York, claim BB officials. Almost the entire amount was transferred online to the Philippines banking system and a small portion of it to Sri Lanka by suspected Chinese hackers on February 5, they said.
The rising trend of foreign currency loans availed by the private sector is a relatively new phenomenon in Bangladesh since access to international markets was liberalised in 2008.
