Dhaka | Dhaka City | Bangladeshi News
Dhaka | Dhaka City | Bangladeshi News
Migration is an intrinsic part of human history, often overshadowed by sensationalist narratives. However, the reality is much more nuanced than what makes the headlines. Most migration is regular, secure and regionally concentrated, directly linked to opportunities and livelihoods. Yet, misinformation and politicization have clouded the public discussion, making a clear and accurate portrayal of […]
A company called Synerflex got the online job of recruiting workers in Malaysia in 2016. Dato Seri Abdul bin Amin Nor, a Malaysian citizen of Bangladeshi origin, is the owner of this organization. With their support, a syndicate consisting of 10 agencies was formed. Although it cost 33,375 taka to send a worker, a migrant […]
Considering the circumstances, CPD has advised to set three main objectives in preparing the next budget. First, to restore macroeconomic stability and protect disadvantaged populations; Secondly, to take initiative to increase revenue collection so that dependence on banks is reduced and it becomes possible to meet necessary expenditure from revenue income; And third, to prioritize […]
Some analysts believe that a section of people are bringing back black money to get incentives. It is possible that after receiving incentives, that money is being laundered again through informal means. As a result, inward remittances from the UAE through formal channels suddenly began to flow. However, bankers said banks are now providing various […]
Mahmood said, the Saudi Foreign Minister assured Saudi Arabia's full cooperation on the Rohingya issue. The Bangladesh Foreign Minister said they also discussed the proposed visit of Saudi Crown Prince Mohammed bin Salman to Bangladesh which will take place at a convenient time soon. Mahmoud said he sought cooperation in the purchase of crude oil, […]
According to Bangladesh Bank’s weekly report, foreign exchange reserves stood at $25.09 billion on January 31, down by $140 million from the previous week. If the reserves are calculated according to the BPM6 methodology of the International Monetary Fund (IMF), then this figure reduces to $ 19.44 billion. Current foreign exchange reserves are below the […]
The economy is undoubtedly under stress. High inflation, low foreign exchange reserves, weak remittances, dollar crisis, declining exports are some of the challenges faced by Bangladesh. The new government may show a confident and brave face, but they have many economic problems to contend with. The panelists made these comments at a BIPSS Policy Circle […]
In view of the continuous decline in reserves, the government has taken a loan of US$4.7 billion (US$470 crore) from the International Monetary Fund (IMF). Bangladesh has so far received two installments of the loan. It is expected to get two more installments in the new year. The government will have to make reforms to […]
According to Bangladesh Bank data, the income of salarymen for the year 2023 was $21.9 billion, which is about 3 percent higher than the $21.3 billion received in 2022. In 2021, expatriate income was $22.07 billion, compared to $21.73. billion in 2020 and $18.33 billion in 2019. This means that the recently ended year saw […]
At present banks are not opening LC for import of commercial food items without advance dollar arrangement. As a result, imports of these goods have fallen. Also, along with commercial banks, the central bank is providing dollars from reserves for the import of essential goods. Imports of essential goods are thus being kept at normal […]
When the Islamic bank, which brought in the largest volume of remittances, changed ownership and was accused of various frauds in providing loans, customers lost confidence in the bank and increasingly turned to the informal money transfer system of hundi. Did. This accelerated the pace of decline in foreign exchange reserves. Dollars have to be […]
Instructions for purchasing remittances at fixed price During a meeting last Wednesday, the Bangladesh Foreign Exchange Dealers Association (BFEDA) and the Association of Bankers, Bangladesh (ABB) decided to maintain buying of the dollar at Tk110.5 for remittances and export earnings, as practiced earlier. I went. With 5 per cent incentive, the maximum dollar price would […]
Central bank officials say that this includes fake export bills of Hallmark, Bismillah and Crescent Group. Besides, money is also stuck with many procurement agencies that went bankrupt during the coronavirus pandemic. Cases are going on in foreign countries on these issues. Therefore, it will take time to bring the entire amount back to the […]
Why is Hundi so popular? Is the hundi rising because migrants want to receive a higher rate for the dollar than those offered by banking channels when sending money home, or because it has become necessary to buy and sell dollars informally within the country? The bottom line is demand. Hundi has increased because demand […]
