All Finance
Holy Shab-e-Qadr today
Soon the situation in Chittagong Hill Tracts will be calm: Obaidul Quader
KNF attack to loot money and show capability: RAB
Kidnapped manager of Sonali Bank returns to his family
Home Minister to visit Bandarban tomorrow to inspect situation
BDBL merging with Sonali Bank, Rakub with Krishi Bank
Dhaka, April 5: The government has decided to merge two state-owned banks with two other banks. The two banks are Bangladesh Development Bank (BDBL) and Rajshahi Krishi Unnayan Bank (RAKUB).
Bangladesh Bank taking tough stand against hundi to prevent money laundering
Dhaka, March 12: Bangladesh Bank Governor Abdur Rauf Talukdar said that Bangladesh Bank has taken a strict stand against Hundi to prevent money laundering from the country.
Suspicious transactions and activities increase by 65% in FY23: BFIU
Dhaka, Feb 20: Suspicious transactions in the country's financial sector have increased by 64.58 percent in the last one year. The number of suspicious transactions in the financial year 2022-23 was 14,106, which was 8,571 in the previous financial year (2021-22).
Savings bonds: Repayments higher than sales in December
Dhaka, Feb 2: High inflation is going on worldwide. The prices of daily necessities have increased several times. Many have lost their purchasing power. Bangladesh is not an exception to this worldwide crisis. Last December, food inflation in the country came down below 10 percent, but non-food inflation increased. In view of these, the big challenge now is inflation control. As a result, despite the crisis, the government is not taking loans from the central bank. Although the borrowing from the domestic sector has decreased, the pressure of repayment of previous loans and interest is still there.
Usable reserves fall below $16 billion
Dhaka, Nov 28: Dollar crisis began in the country after the the Russia-Ukraine war started. The crisis is not over yet. Bangladesh's reserves are falling day by day due to the dollar crisis. Bangladesh Bank released an account of reserves last week. Usable reserve is much lower than that.
Tk 13,750 cr comes in remittance in 20 days
Dhaka, Oct 23: In the first 20 days of October, expatriates sent Tk 125 crore 70 thousand dollars in remittance through banking channels, which is Tk 13,750 crore 77 lakh in in Bangladeshi currency (USD 1 = Tk 110). The average daily remittance inflow is 6 crore 25 lakh US dollars or about Tk 688 crore.
Bangladesh Bank Governor warns to prevent manipulation with dollars
Dhaka, Sept 21: Bangladesh Bank on Tuesday issued a show cause notice to the treasury heads of 10 private sector banks for allegedly buying and selling dollars at higher prices than the fixed limit. A day after this, Bangladesh Bank Governor Abdur Rauf Talukder warned the chairmen of these banks to prevent manipulation with dollars.
Strict verification of product price before opening LC
Dhaka, Sept 19: Money laundering has increased in foreign countries through imports. The government is losing revenue. The central bank is concerned about the matter. In such a situation, Bangladesh Bank has become active in checking the price of imported goods to control money laundering. Henceforth the importer or his domestic agent has been asked to provide several details including full details of the product, value, brand, date of manufacture, packaging information and grade.
Sri Lanka returns another $10 cr to Bangladesh
Dhaka, Sept 2: Bangladesh lent 20 crore dollars to the neighbouring country Sri Lanka from the foreign exchange reserves of the central bank. Sri Lanka is paying 10 crore (100 million) US dollars of that loan. Earlier, the country had returned 5 crore (50 million) dollars. In total, the country has paid 15 crore (150 million) US dollars.
Bangladesh Bank's profit increases by 82%
Dhaka, August 23: The hike in the price of the dollar and the rise in government debt has also increased the profit of Bangladesh Bank. In the recently concluded fiscal year 2022-2023, Bangladesh Bank has made a net profit of Tk 10,748 crore. Of this, Tk 10,652 crore has been deposited in the government treasury. The Board of Directors of Bangladesh Bank has approved this account on Tuesday.
Indian rupee exchange will reduce dependence on reserves: Pranay Verma
Dhaka, July 12: Pranay Kumar Verma, the Indian High Commissioner appointed in Dhaka, said that Indian rupee exchange will reduce dependence on foreign exchange reserves.
Bangladesh’s central bank takes some critical decisions
Dhaka, June 24: Bangladesh’s central bank took some critical decisions at its latest monetary policy meeting on June 18. It had decided to replace the prevailing regime of administered or artificial foreign exchange rates with a unified market-determined rate by the end of the 2023-24 (July-June) fiscal year. Also, the three-year-old deposit floor rate is removed. Banks can now offer interests of their choice to the depositor. The cap on the lending rate is allowed to move up to three percentage points from the prevailing 12%.
Reserve again crosses $30 billion mark
Dhaka, May 12: Bangladesh has received 507 million dollars as budget loan assistance from the World Bank. This money is added to the reserve. As a result, the country's reserves have risen above 30 billion dollars. Two days ago, the reserve was $29 billion after paying import charges.
Lowest reserves in 7 years
Dhaka, May 9: Due to Russia-Ukraine war situation, the country is facing dollar crisis. At this time, Bangladesh Bank took various initiatives to save dollars. However, the pressure on reserves is not easing. Instead, dollars are constantly being supplied to the market from the reserves to pay the import bill.
Bangladesh Bank's stolen reserve likely to be returned within next few months
Dhaka, March 17: In the next few months, the entire amount of stolen reserves of Bangladesh Bank may be returned. After the Federal Court's ruling last January, the Philippine government has taken steps to return this money as soon as possible.