exchange rate

Banks sell dollar at more than Tk 118 as pressure mounts

The chief executives of at least three private commercial banks told The Daily Star that the BB had verbally allowed them to quote Tk 1 more than the exchange rate to collect US dollars amid the ongoing forex crunch.

Opinion / The farce of expressing PCI in taka

This is nothing more than a poor trick that will eventually produce no real gain.

Weekly Interview / ‘Wide gap in exchange rates hurts remittance’

Beneficiaries of wage earner remitters receive a 2.50 percent cash incentive on top of the market-determined exchange rate for any amount of remittance inflow.

Dollar Manipulation: BB asks 10 banks to explain

The Bangladesh Bank has asked 10 banks’ managing directors why their treasury heads should not be penalised for their involvement in dollar rate manipulation this year.

Forex volatility costs large firms Tk 65,000cr

Bangladesh’s conglomerates have lost Tk 65,000 crore over the past one year because of the fluctuation of the value of the taka against the US dollar as loans have become costlier due to the volatile global economy, said a noted economist yesterday. 

Taming inflation, maintaining exchange rate stability critical: BB

The major challenges for Bangladesh will be keeping inflation under control while maintaining currency rate stability in the coming days, according to the Bangladesh Bank's annual report.

Only two options left for macroeconomic stability

Bangladesh does not have too many policy options other than reducing consumption of goods and services and making the exchange rate flexible in order to ensure macroeconomic stability, said a central bank report.

What does the IMF loan mean for Bangladesh?

This fiscal year alone, the Bangladesh Bank has supplied more than $4.5 billion to the market to support the exchange rate, while the import bill averages $6 billion a month.

Three factors holding back economy

The interest rate cap on loans, the frequent changes to the exchange rate regime and a relaxed attitude to enforcing austerity measures are the major challenges facing Bangladesh in restoring stability in the economy. 

May 23, 2024
May 23, 2024

Banks sell dollar at more than Tk 118 as pressure mounts

The chief executives of at least three private commercial banks told The Daily Star that the BB had verbally allowed them to quote Tk 1 more than the exchange rate to collect US dollars amid the ongoing forex crunch.

February 20, 2024
February 20, 2024

The farce of expressing PCI in taka

This is nothing more than a poor trick that will eventually produce no real gain.

October 1, 2023
October 1, 2023

‘Wide gap in exchange rates hurts remittance’

Beneficiaries of wage earner remitters receive a 2.50 percent cash incentive on top of the market-determined exchange rate for any amount of remittance inflow.

September 20, 2023
September 20, 2023

Dollar Manipulation: BB asks 10 banks to explain

The Bangladesh Bank has asked 10 banks’ managing directors why their treasury heads should not be penalised for their involvement in dollar rate manipulation this year.

January 30, 2023
January 30, 2023

Forex volatility costs large firms Tk 65,000cr

Bangladesh’s conglomerates have lost Tk 65,000 crore over the past one year because of the fluctuation of the value of the taka against the US dollar as loans have become costlier due to the volatile global economy, said a noted economist yesterday. 

January 17, 2023
January 17, 2023

Taming inflation, maintaining exchange rate stability critical: BB

The major challenges for Bangladesh will be keeping inflation under control while maintaining currency rate stability in the coming days, according to the Bangladesh Bank's annual report.

December 22, 2022
December 22, 2022

Only two options left for macroeconomic stability

Bangladesh does not have too many policy options other than reducing consumption of goods and services and making the exchange rate flexible in order to ensure macroeconomic stability, said a central bank report.

November 10, 2022
November 10, 2022

What does the IMF loan mean for Bangladesh?

This fiscal year alone, the Bangladesh Bank has supplied more than $4.5 billion to the market to support the exchange rate, while the import bill averages $6 billion a month.

October 4, 2022
October 4, 2022

Three factors holding back economy

The interest rate cap on loans, the frequent changes to the exchange rate regime and a relaxed attitude to enforcing austerity measures are the major challenges facing Bangladesh in restoring stability in the economy. 

September 24, 2022
September 24, 2022

Bangladesh’s currency conundrum: What role can interest rates play?

Bangladesh Bank can better fix the currency turmoil by freeing both interest rate and exchange rate to adjust over time.

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