Bangladesh Bank has removed the 100 percent margin requirement for opening letters of credit, or LCs, in five Shariah-based banks and one commercial bank. However, other restrictions remain in effect. The central bank announced the decision in a letter sent to the banks on Thursday. The banks include Islami Bank Bangladesh, Social
Tag: Bangladesh Bank
Country received $425mn remittances in 5 days of Oct: BB
Bangladesh Bank Governor has assured liquidity crisis resolution for pvt banks: Abdul Awal Mintoo
Prominent businessman Abdul Awal Mintoo today said that Bangladesh Bank Governor has assured private commercial banks of resolving their ongoing liquidity crisis within a short time. “There are various problems in the banking sector. We have discussed these with the central bank governor and sought cooperation. The governor has assured us
BB won’t print new notes to fix financial crisis: Governor
Bangladesh Bank (BB) Governor Dr Ahsan H Mansur today said the central bank will not print any fresh money to lend to the government for solving financial crisis. “Moreover, we will no longer sell dollars from the country's foreign exchange reserves to address the problems in the financial sector. Inflation will
Forex reserves increase thanks to positive trend in remittance inflow: Bangladesh Bank
The foreign exchange reserves have increased and maintain stability as the inflow of remittances has increased, said Bangladesh Bank. “Expatriates are sending huge amount of remittances. This is the major reason for the increase in reserves. This has stopped the decline of reserves,” said Husne Ara Shikha, Executive Director and new
Bangladesh Bank receives ‘Global Youth Financial Inclusion Award-2024’
-Bangladesh Bank (BB) has received the 'Global Youth Financial Inclusion Award-2024 for playing a role in increasing the financial inclusion of the youth. The award was given to the central bank at a meeting of the Alliance for Financial Inclusion (AFI) global policy forum held recently in the Central American country
Bangladesh Bank deposits record Tk 15,100 crore to treasury from FY 2023-24 net profit
BB raises cash withdrawal limit to Tk 4 lakh daily
BB could not function properly under previous govt: CPD
Professor Mustafizur Rahman, a distinguished fellow of the Centre for Policy Dialogue (CPD) said Bangladesh Bank (BB) could not function properly under the last government despite having sufficient legal authority. He said this while speaking as the chief guest at the shadow parliament event organised by Debate for Democracy held at
Bangladesh Bank to dissolve Islami Bank board controlled by S Alam Group
Bangladesh Bank has announced plans to dissolve the board of Islami Bank, currently controlled by S Alam Group, as part of broader reforms aimed at ensuring good governance in the banking sector. Governor Ahsan H. Mansur made the announcement during a press conference held at the central bank's headquarters on Wednesday.