Dhaka February 3, 2026, 1:41 am
The ACU is an arrangement through which participating countries settle import payments for intra-regional transactions
Around two weeks will be needed to reach a final decision in this regard
The shrinking value of the currencies of most developing economies is driving up food and fuel prices in ways that could deepen the food and energy crises that many of them already face
Under the policy, a bank can give a borrower at best three years to pay off the loans in installments
Justice M Enayetur Rahim of Appellate Division Chamber Judge Court today stayed the October 23 High Court order that had put the test on hold for one month
After allowing a floating exchange rate of the greenback, the central bank is currently providing USD support to banks just to cover government import payments
Bangladesh Bank has once again directed authorities to monitor cryptocurrency transactions after finding that people are still using bank accounts for the buying and selling of Bitcoin and other virtual currencies
Dhaka Bank Limited has arranged Tk 9,000 million for Bashundhara Oil and Gas Company Limited (BOGCL) as the lead arranger for supporting the production of bitumen, a major element for infrastructure development
Current aid portfolio $2.78b for 12 projects, in a rapid rise
Aims to better understand financial resilience amid macroeconomic shocks
Though Bangladesh’s per-capita GDP is set to continue growing, it has lost momentum as institutional challenges impact growth-promoting policies and insufficient diversification of earnings
A formal proposal has been put forward to the Washington-based lending agency to obtain the required loans from the lender’s soft loan window International Development Agency (IDA)-20
Poverty rose sharply during the pandemic, and the development lender estimates about 70 million people were pushed into extreme poverty in 2020 -- the biggest one-year spike since monitoring began in 1990
According to the notification, interest rate of loans under this scheme will be 5 percent, as opposed to 7 percent earlier
The minister said this on Tuesday after a bilateral meeting with ADB President Masatsugu Asakawa at the ADB headquarters in Manila as part of the annual meeting of the lending agency
On August 8, the BB asked Standard Chartered Bank, BRAC Bank, Dutch-Bangla Bank, City Bank, Prime Bank, and Southeast Bank to remove their treasury chiefs amid allegations of dollar price manipulation
Bangladesh Bank, the central bank of the country, claimed to have detected irregularities committed by the bank in question
Amid a dollar crunch, it also reminded people of the law that prohibits buying cryptocurrency by using foreign exchange in a notice on Thursday
ADB Country Director to Bangladesh Edimon Ginting said this to reporters after meeting Planning Minister MA Mannan at his office on Thursday
Previously, the authorized dealers could maintain foreign currency clearing account with the Bangladesh Bank in the Chinese currency
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