Bank & Finance

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…

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…

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…

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…

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…

Special Correspondent: Due to increase in the price of fuel oil, there has been instability in the transport sector. The entrepreneurs of the ready-made clothing sector say, as a result, the production cost of the factory will increase, many factories will not be able to provide shipment on time. The…

–BGB in strict position-$80,000 recovered at Phulbari border-License of 5-money changers suspended Staff Correspondent: The country is facing acute dollar crisis in the recent months. This is because the supply is less than the demand. The government has already cut spending to deal with the crisis. On the other hand,…

Current account deficit also hits record $18.69 billion increasing pressure on foreign currency reserves Staff Correspondent: Bangladesh’s trade deficit has widened to record $33.24 billion in 2021-22 fiscal year as exports failed to match the huge import bills despite a rise.Current account deficit also hit a record $18.69 billion, rising…