Remittance inflow drops by 1.8% in Jul-Mar The remittance inflow in the first nine months of the current financial year, 2015-16, decreased by 1.8% to USD 11.1 billion from USD 11.3 billion received in July-March of FY15, according to the Bangladesh Bank data released on Monday. The inward remittance plays

BB move fails to cool down dollar The US dollar continues to appreciate against Bangladeshi currency taka despite the injection of a vast quantity of greenbacks into the market by the Bangladesh Bank as it endeavours to keep the exchange rate stable. Yesterday, the inter-bank exchange rate of the US

Slow progress in fund disbursement Banks and non-bank lenders could disburse only Tk 15 billion of the stimulus package until July 30 for smaller firms. The disbursed amount is just 7.50 per cent of total Tk 200 billion financial support meant for small and medium enterprises (SMEs). The support is

SoBs see 60.0% fall in recapitalization fund The allocation for state-owned banks’ recapitalization is set to fall by 60% for the next fiscal year (FY) 2016-17 compared to the original budget for the outgoing fiscal. The allocation for the SoBs is to come down to BDT 20.0 billion in the

BB sells $25m to two banks as demand grows The central bank sold $25 million more to two commercial banks directly on Tuesday to meet the growing demand for the greenback in the market, officials said. “Today, we’ve sold the US currency to the banks at market rate to settle