-
Taka loses 12.72pc value in 2024 as dollar strengthens
02 Jan 2025 10:00 GMT
… cent depreciation of the local currency, the taka, over the year.
A … cent loss in the taka's value.
Bangladesh has been struggling … ;s price and weakening the taka further.
Meanwhile, banks have … the inflationary impact of the taka's depreciation. The …
-
Bangladesh’s FY24 GDP $300b, not $459b: City Bank Capital
02 Jan 2025 02:53 GMT
… consumption.
"Bangladesh';s GDP figures need … , recommending that Bangladesh reconsider this path until it … the stabilisation of foreign currency reserves and the taka signal emerging signs of … critical support to Bangladesh';s fragile economy," …
-
Cenbank introduces forex intervention strategy, eyes greater exchange rate flexibility
31 Dec 2024 16:57 GMT
… rate remains a reliable reference foreign exchange rate.
The reference rate will be … or sell of foreign currency against the taka depending on the position … Bangladesh Bank operations, and ensuring smooth and free functioning of the FX market …
-
BSF And Tripura Police Apprehend Foreign Nationals And Indian Tout Along Indo-Bangladesh Border
30 Dec 2024 09:32 GMT
… with Tripura Police, arrested two Bangladeshi nationals, three Rohingya refugees, and … Indo-Bangladesh border.
The authorities also seized ₹7,050 in Indian currency … and 1,000 Bangladeshi Taka from the suspects …
-
Can Bangladesh benefit from falling commodity prices in 2025?
29 Dec 2024 12:43 GMT
… depreciation of the Bangladeshi currency continues.
Bangladesh relies heavily on … Bangladeshi consumers.
However, he mentioned that if the taka … Khan, chairman of the Bangladesh Trade and Tariff Commission … sent home by Bangladeshis living abroad rose 14 …
-
Are rising exports, remittance the cure?
02 Jan 2025 18:29 GMT
… , the major pillars of Bangladesh';s struggling economy, provide … contain volatility in the forex market, a key source of … crawling peg, which allows a currency with a fixed exchange rate … Tk 117.
Consequently, the taka weakened further in the inter- …
-
BSF Arrests Three Bangladeshis In Failed Infiltration Attempt At Indo-Bangladesh Border In Tripura
02 Jan 2025 08:16 GMT
… individuals were found with 300 Bangladeshi Taka. They were handed over to …
-
Gold emerges as an attractive investment tool as prices jump
01 Jan 2025 18:05 GMT
… amid economic turbulence, a weakening taka and plummeting interest rates on … by 35 times, according to Bangladesh Jeweller's Association (Bajus … international market and the local currency Taka losing ground against the US …
-
Decoding the economic impact of BDT/USD movements
29 Dec 2024 18:53 GMT
… highest devaluation of the Bangladeshi taka (BDT) against the … enhanced competitiveness, as Bangladeshi goods become cheaper for … , appreciation of the taka reduces import costs, … costs and currency depreciation, according to the Bangladesh Bureau of …
-
Liberalising the foreign exchange regime
30 Dec 2024 18:32 GMT
… cost-effective financing options for Bangladeshi borrowers.
Develop a comprehensive … arrangements (no buying of Taka, which is currently in … into a published rate. With Taka buying, competition happens, and … or may lead to unofficial forex outflow.
One may of …