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.

Foreign exchange reserves in Bangladesh have slipped below $40 billion after the Bangladesh Bank cleared the import payments to the Asian Clearing Union (ACU).

The Bangladesh Bank today asked banks to take up to 100 per cent of import payments in advances from businesses while opening letters of credit (LCs) for luxury and non-essential items, in an effort to keep the foreign exchange reserves stable.

The Bangladesh Bank (BB) has revealed its Monetary Policy Statement (MPS) for the period of July-December 2022 at a time when the country, and the world, is going through tough economic challenges.

One dollar now costs almost Tk 100. The taka has been losing its value against the US dollar for months, with no signs of it changing.

Remittance inflow may rebound significantly in Bangladesh in 2022-23 fiscal year as increased number of people flew abroad for jobs, Bangladesh Bank (BB) Governor Fazle Kabir said today.

Bangladesh Bank and Dhaka North City Corporation (DNCC) today launched a pilot project called “Smart Bangladesh Smart Haat” to facilitate digital payment in cattle markets.

The US dollar became more costlier yesterday as the local currency depreciated once again in the inter-bank platform. 

The borrowers of non-bank financial institutions will enjoy a flexible loan repayment facility up to December this year.

The Bangladesh Bank today asked non-bank financial institutions to form ‘complaint cell’ at their head offices and branches to resolve the complaints of clients.

A Dhaka court today again asked Criminal Investigation Department (CID) to submit probe report by August 17, 2022 in Bangladesh Bank cyber heist case.

The banks, MFS providers and payment service providers will have to find alternative ways to make their payment systems effective in the flood affected districts, including Sylhet, Sunamganj, Moulvibazar, Habiganj, Kishoreganj, Netrokona, Kurigram and Rangpur.