Bangladesh Bank today urged the Department of Cooperatives to take measures against illegal banking activities carried out by several cooperative societies.

Bangladesh Bank today said exporters can now retain value-added amount of export proceeds in US dollars for 30 days instead of 15 days.

Bangladesh Bank today asked banks to suspend their evening banking operation in order to reduce electricity consumption as part of the government’s austerity measures.

The central bank today scrapped the 360-day special repo facility thanks to the improvement in the coronavirus situation and a lack of demand for the borrowing tool.

Bangladesh Bank today asked banks to reduce use of electricity and energy as part of the austerity measures taken by the government to contain the volatility in the foreign exchange market.

Migrant workers and Bangladeshis living abroad sent more than $2 billion in each of the first two months of the current fiscal year, a promising sign for the economy.

Private sector credit growth in Bangladesh rose further in July despite a contractionary monetary policy adopted by the Bangladesh Bank for the current fiscal year to tame higher inflation. 

Out of my 26 years with three global banks, I spent more than half of it in treasury dealing room environment in Dhaka, Mumbai, Dubai, Singapore, Hong Kong, London, and New York.  

Transactions through internet banking in Bangladesh more than doubled in the last fiscal year as a huge number of people, especially the young generation, are using the platform to carry out financial activities. 

Bangladesh Bank today asked six banks to transfer their treasury heads to human resource departments due to their alleged involvement in destabilising the country’s foreign exchange market.

The central bank today set the annual interest rate ceiling on the non-resident foreign currency deposits in order to mobilise funds from Bangladeshis living abroad and individuals of Bangladeshi origin.

Ahsan H Mansur of Policy Research Institute talks about Bangladesh’s current economic crisis with Eresh Omar Jamal of The Daily Star.

The Bangladesh Bank today asked banks not to purchase any vehicle in the next one year as part of the government’s efforts to cut import payments to tackle the ongoing forex volatility.

Ten inspection teams of Bangladesh Bank today went for surprise visits to different money changers’ shops in Dhaka city to investigate whether they are hoarding US dollar to intentionally hike the rate of the greenback against the taka.

The Bangladesh Bank today asked non-bank financial institutions (NBFIs) to cut their energy bills by at least 25 per cent.

The Bangladesh Bank today asked banks to encash the term deposits of exporters’ retention quota (ERQ) balances.

The Bangladesh Bank today set a target for banks to cut their electricity and energy consumption for the next one year in keeping with the government’s move aimed at saving power amid deepening energy and foreign exchange crises.

Bangladesh received US$ 1.64 billion inward remittance till July 21, due to  Eid-ul-Azha when Bangladeshi migrants sent more money to families to celebrate one of the biggest festival of Muslims, according to data from Bangladesh Bank.

The Bangladesh Bank today relaxed the policy for loan rescheduling of defaulted loans grossly, as the defaulters will now get a maximum of eight years to repay term loans instead of the previous two years.

The new governor of Bangladesh Bank (BB) has heralded robust messages to the country’s banking and financial industry.