DBBL to operate as MRT Rapid Pass clearing house Dutch Bangla Bank Limited (DBBL) is set to work as a clearing house bank for operating uniform ticketing system of public transports in the city. It is scheduled to sign an agreement in this regard with Dhaka Transport Coordination Authority (DTCA)

Int’l trade to be more dynamic Bangladesh Bank is set to upgrade the Bangladesh Automated Clearing House (BACH) in a bid to help businesspeople settle their local export- and import-related transactions in a day instead of existing 7-10 days. The upgraded version, which will be called BACH II, is scheduled

Mobile cash jumps 47.0% in January Transactions through mobile phones rose 47.7% year-on-year to BDT 167.4 billion in January thanks to increased economic activities at the grassroots level, according to Bangladesh Bank data. The amounts were BDT 113.3 billion in January last year and BDT 71.5 billion in the same

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 5.08% (Feb 26’20) 5.09% (Feb 20’20) 0.01% Call Money Lending (Crore BDT) 2,089.65 (Feb 26’20) 2,452.52 (Feb 20’20) 14.79 % Prices Weighted Average Deposit Rate 5.70% (Feb ’20) 5.71% (Feb ’20) 0.01% Weighted Average Lending Rate 9.68% (Feb

Bangladesh Bank sells $25m more to five banks The central bank of Bangladesh has sold US$25 million more to five commercial banks to meet the growing demand for the greenback in the market. “We’ve sold the foreign currency to the banks on Tuesday at market rate to settle outstanding letters