In the first seven days of March, Bangladesh witnessed a remarkable inflow of remittances from its expatriate community, exceeding $1.06 billion. According to Bangladesh Bank spokesperson Arif Hossain Khan, this translates to approximately $15.27 million per day, signalling a robust start to the month. Comparatively, during the same period last year, remittances totalled only $775 […]

On Monday, 9 March, Dhaka Metropolitan Senior Special Judge, Md. Sabbir Foyez, issued an order to freeze 445 bank accounts in connection with ongoing cybercrime investigations. The directive was granted following an application submitted by the Criminal Investigation Department (CID) of Bangladesh Police. Court bench assistant Md. Riaz Hossain confirmed the issuance of the order. […]

Bangladesh’s foreign currency reserves have declined marginally following the settlement of payments through the Asian Clearing Union (ACU), despite sustained high inflows from remittances. The central bank has continued purchasing US dollars from the market, leveraging strong remittance flows to maintain reserve stability. Before the ACU payments for January–February, reserves stood at $35.49 billion. After […]