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
Dollar crisis in Bangladesh decreases
Dhaka, March 31: Dollar crisis has been going on in the country for a long time. Due to this many companies could not open LC. The dollar rose by leaps and bounds in an unbridled market. Meanwhile, many bank-money changers got involved in manipulation. As a result, the market became more reckless. Banks and money changers involved in manipulation are also fined. Still the market is not under control. Instead, the price of the dollar rose to Tk 127 in the open market. After that, the central bank was shaken. The regulatory body takes various initiatives. Bangladesh Bank released dollars from reserves to keep the market normal. In this, the reserve also falls. However, the banks are in a cautious position with dollars to solve the crisis. All in all, the US dollar crisis in the country has been reduced somewhat due to various public and private initiatives.
Dollar problem will be solved soon: Salman F. Rahman
Dhaka, Jan 30: Prime Minister's Private Industry and Investment Advisor Salman Fazlur Rahman said that the dollar problem will be solved soon. At the moment two things can help to reduce the pressure, one is to increase remittances and the other is to increase exports.
Dollar crisis will be largely over soon: Salman
Dhaka, December 19: Prime Minister's Advisor on Private Industry and Investment Salman F. Rahman said, "The dollar crisis in the country's market will soon be over to a large extent. Because Bangladesh Bank has taken several steps in this regard. Besides, due to hundi (illegal transactions), remittances are coming in a little less in the country. The government is working on hundi. Hopefully, the reduction in illegal transactions (hundi) will increase the flow of remittances through legitimate channels."
Foreign exchange reserves fall to $35 billion
Own Correspondent, Dhaka, Oct 21: Dollar crisis in the country is at an extreme. Bangladesh Bank is providing dollars from the reserve to eliminate this crisis. And this is pulling the reserve. The country's foreign exchange reserves have further fallen to USD 35 billion. This information is known from the sources of Bangladesh Bank.
Price of the dollar falls in open market
Own Correspondent, Dhaka, Sept 2: Recently, the country has faced a dollar crisis. Various initiatives have been taken by the government and Bangladesh Bank to overcome this crisis. Dollars are released into the market almost every day from the foreign exchange reserves of the central bank. This has also put a strain on the reserves. Reserves have now fallen below USD 40 billion.
Govt keeping an eye on Hong Kong-Singapore payment system
Own Correspondent, Dhaka, May 31: To save dollars, the government plans to add new payment systems from Hong Kong and Singapore, outside SWIFT (Society for Worldwide Interbank Financial Telecommunications). Bangladesh Bank has been instructed to take necessary steps after examining the new payment system introduced by the two countries.