Bank & Finance
Bank & Finance
Taka appreciated against dollar
Staff Correspondent: The value of the dollar fell by Tk 10 in the open market. As a result, the value of taka is increasing. The central bank set a maximum profit limit of Tk 1.5 per dollar for money changers. After that, the dollar, which was sold at the rate…
Read More »Money changers can’t profit more than Tk1.5 per dollar: BB
Staff Correspondent: After banks, Bangladesh Bank has set a profit limit for money exchanges in buying and selling dollars at Tk1.5.From now on, the money exchanges will be able to sell dollars at a price Tk1-1.5 higher than the price at which they will buy them.The Money Exchange Association was…
Read More »BB sought illegal money info from Swiss banks
Staff Correspondent: Bangladesh Financial Intelligence Unit (BFIU) repeatedly sought information from different countries including Switzerland about money laundered by Bangladeshis, said Bangladesh Bank (BB).In response to a query yesterday regarding the recent statement of the Swiss Ambassador, Md Serajul Islam, executive director and spokesperson of BB, said, “I have nothing…
Read More »Banks facing historic high default loans
Increased by Tk 26,000cr in a year Mahfuja Mukul: The period of discount given to businessmen in repayment of bank loans has not yet fully expired. In this, the customer is exempted from defaulting even without paying the loan installments. However, the amount of defaulted loans of the banking sector…
Read More »BB recommends using credit cards over cash abroad
Staff Correspondent: The Bangladesh Bank has recommended people to use credit cards instead of cash when travelling abroad in a move to save dollars.Central bank spokesperson Serajul Islam said, “The number of expatriates leaving the country this year, is higher than those coming in, resulting in a decrease in dollar…
Read More »Why govt didn’t seek info of money in Swiss banks: HC
Court Correspondent: The High Court (HC) yesterday ordered the government and the Anti-Corruption Commission (ACC) to explain why the government didn’t seek information of deposits of Bangladesh money in the Swiss banks.The HC bench of Justice Md Nazrul Islam Talukder and Justice Khizir Hayat passed the suo moto order and…
Read More »Dollar crisis reaches at extreme highest
Kerb market price stood at Tk 119 Staff Correspondent: Most of the money exchange houses in the capital have shortage of dollars. At present, the number of buyers is more than the sellers in these exchanges. Even the supply of dollars is very less compared to the buyers – this…
Read More »Remittances see positive trend in August
Staff Correspondent: Bangladesh received $55 crores in the first 7 days of August. According to the current exchange rate (Tk 95 per dollar) which is Tk 5,225 crore and 48.20 percent higher than that of August last year.On the 7th day of August last year (August 1 to 7), expatriates…
Read More »BB eases rules for inward remittances amid forex crunch
Staff Correspondent: The central bank has relaxed the banking rules governing remittance inflows amid an ongoing foreign currency crunch.Banks can now establish drawing arrangements, an official channel to receive remittances, with exchange houses abroad without prior permission, Bangladesh Bank said yesterday. They must, however, provide detailed information about the arrangements…
Read More »Open market $ price hits all time high
Staff Correspondent: US dollar price against local currency taka reached its peak at Tk115 in the kerb market yesterdaybecause of acute shortage of the greenback in local market.It was the biggest fall in taka’s value against the US dollar in the country’s history, according to money changers selling dollars on…
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