Dhaka | Dhaka City | Bangladeshi News
Dhaka | Dhaka City | Bangladeshi News
Commenting on there being nothing new in the proposed budget, Salehuddin Ahmed said, “The budget has been presented in challenging times. But I don't see anything new in it. The figures from the previous budget have just been shuffled around. It is being said that the budget is contractionary, but if you look at the […]
The holy Eid-ul-Azha will be celebrated in Bangladesh on Monday, June 17. Before Eid, Friday-Saturday is a weekly holiday and Sunday is closed for Eid, there are three consecutive holidays on June 14, 15 and 16. Banks will remain closed during this period. However, Bangladesh Bank (BB) said in a notification that banks have been […]
The central bank had in June asked four state-run banks to bring down default loans to within 12 per cent as part of their loan conditions from the International Monetary Fund (IMF). The banks are – Sonali Bank, Agrani Bank, Janata Bank and Rupali Bank. However, none of the banks have been able to bring […]
After a lot of trials, tests and moves, Bangladesh Bank finally accepted the IMF's conditions and adopted a new foreign exchange system. The crawling peg is not completely market-based. The dollar will remain at a moderate rate, like currently 117 taka. The exchange rate will remain around this. It is not that this will solve […]
Mustaqur Rahman completed his MBA in Finance and MCom in Banking from Dhaka University. Besides this, he also completed his B.Com. (Hons) degree in Finance and Banking from the same university. He also holds a Diploma in Banking from the Institute of Bankers of Bangladesh (DAIBB). Since joining the central bank in 1999, he has […]
According to Bangladesh Bank data, total investment by Bangladeshis abroad increased last year, but net investment decreased. This is because a large amount of foreign investment was withdrawn last year. For example, Bangladeshis invested $22.2 million in Hong Kong last year. In comparison, $2.8 million was withdrawn from existing investments in the country. As a […]
Earlier, IMF Executive Director Krishnamurthy V Subramanian held a meeting with Finance Minister Abul Hassan Mahmud Ali at the Secretariat on May 26. After the meeting, the minister quoted the IMF official as saying that Bangladesh is now on track and the third tranche will be disbursed by June. Earlier, Chris Papageorgiou, head of the […]
Speaking about the steps taken by the Bangladesh Bank governor to control inflation, Abul Hasan Mahmud Ali said that the governor is not a separate person but a part of the government. Earlier, he was in the post of finance secretary. Some newspapers said that he is irresponsible, he did not know anything. Did he […]
The regulatory body announced this decision by issuing a notification in this regard on Monday. As a result, if one now brings his old income back to the country, he will receive payment at the current dollar exchange rate of Tk 117.5. Although Bangladesh Bank has taken several initiatives to bring export earnings to the […]
Bangladesh Bank said they have three objectives: 1. To reduce total bank default loans, now slightly below 10 percent, to below 8 percent. 2. Reducing the default loan of government banks to 10 percent and the default loan of private banks to 5 percent, which are currently 22 percent and 7 percent respectively. 3. To […]
As journalists reported that the Governor of Bangladesh Bank (BB) told them that the actual reserves (usable) are now US$13 billion, the AL Secretary General said, “Then, it would be better if you ask the Governor how much this (reserves) is.” Why did it come so low? This is not what we know. As far […]
During the visit, the MD will encourage expatriates to deposit dollars in offshore banking accounts under local banks. In addition, they also have to participate in an anti-money laundering program. An event is scheduled to be held at a New York hotel on May 24 to promote offshore banking fixed deposits for expatriates. Bangladesh Ambassador […]
According to Bangladesh Bank, the country received remittances worth US$900 million in the first 12 days of this month. Under the crawling peg method, the price of the dollar has been increased to 117 taka per dollar. Officials are expecting an increase in foreign income inflows as a result of this initiative. Moreover, he believes […]
Bangladesh Bank spokesperson Mezbaul Haq attributed the decline in reserves to payment of import bills for the past two months. Looking ahead, the spokesperson noted the disbursement of the IMF loan tranche next month and the estimated receipt of more than $2 billion from migrants this month. This will increase the flow of dollars and […]
