dollar crisis

Five ways the dollar crisis impacts RMG makers in Bangladesh

In recent months, the Bangladeshi taka has plummeted to new depths against the US dollar amid a worsening foreign exchange reserve crisis.

How to resolve the current account crisis?

Bangladesh observed a prohibitive current account deficit of $17.1 billion in the last fiscal year of 2021-22. It, however, averaged $0.32 billion annually over the 12-year period from 2009 to 2021.  

Requesting IMF loan doesn’t mean anything is wrong with economy: Finance Minister

Confirming Bangladesh’s request for a loan from International Monetary Fund (IMF) Finance Minister AHM Mustafa Kamal has said that it does not mean the country's economy is in bad shape.

Bangladesh Bank decides to allow floating exchange rate for dollar

The Bangladesh Bank today decided not to fix the exchange rate of the US dollars, allowing the market to set the price based on demand and supply.

Forex volatility: Bangladesh Bank to sit with bankers' group tomorrow

The Bangladesh Bank will sit with the Association of Bankers, Bangladesh (ABB) tomorrow to discuss the ongoing foreign exchange volatility in the country's banking sector.

August 29, 2022
August 29, 2022

Five ways the dollar crisis impacts RMG makers in Bangladesh

In recent months, the Bangladeshi taka has plummeted to new depths against the US dollar amid a worsening foreign exchange reserve crisis.

July 31, 2022
July 31, 2022

How to resolve the current account crisis?

Bangladesh observed a prohibitive current account deficit of $17.1 billion in the last fiscal year of 2021-22. It, however, averaged $0.32 billion annually over the 12-year period from 2009 to 2021.  

July 27, 2022
July 27, 2022

Requesting IMF loan doesn’t mean anything is wrong with economy: Finance Minister

Confirming Bangladesh’s request for a loan from International Monetary Fund (IMF) Finance Minister AHM Mustafa Kamal has said that it does not mean the country's economy is in bad shape.

June 2, 2022
June 2, 2022

Bangladesh Bank decides to allow floating exchange rate for dollar

The Bangladesh Bank today decided not to fix the exchange rate of the US dollars, allowing the market to set the price based on demand and supply.

May 25, 2022
May 25, 2022

Forex volatility: Bangladesh Bank to sit with bankers' group tomorrow

The Bangladesh Bank will sit with the Association of Bankers, Bangladesh (ABB) tomorrow to discuss the ongoing foreign exchange volatility in the country's banking sector.

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