Central bank launches an innovative grant-and-loan package to nurture young entrepreneurs across all sub-districts. In a decisive move to cultivate micro-entrepreneurship outside major urban hubs, Bangladesh Bank has introduced a targeted financial scheme designed to transform rural business ideas into viable commercial enterprises. Titled “Uddyog: Upazila-Based Young Entrepreneur Search, Identification, and Financing Programme”, the initiative […]

Repeated policy concessions and lenient debt restructuring schemes have failed to contain the mounting distress in Bangladesh’s banking sector, where non-performing loans (NPLs) have crossed the six trillion taka mark. The latest statistics released by Bangladesh Bank depict a worsening financial landscape, with bad debts rising sharply over a single quarter amidst a severe contraction […]

Bangladesh Bank has re-entered the foreign exchange market, purchasing 50 million US dollars from commercial banks through an auction after a lull of nearly three and a half months. The central bank conducted the transaction on Tuesday afternoon in response to an increasing supply of greenbacks, which had begun exerting downward pressure on exchange rates. […]

Bangladesh’s financial sector is grappling with a severe deterioration in balance sheet quality after non-performing loans (NPLs) surged by 17,851 crore taka in just three months. This sharp increase has propelled the banking industry’s total classified debt past the 6 lakh crore taka mark for the first time on record, underscoring systemic vulnerabilities that threaten […]

Bangladesh witnessed a remarkable surge in inward remittances during the opening thirty days of August, drawing in 2.83 billion US dollars, which translates to approximately 34,809 crore taka based on an exchange rate of 123 taka per dollar. This robust financial performance reflects a notable 26.9 percent increase compared to the corresponding period in the […]

Bangladesh’s international trade landscape continues to expand in tandem with the global economy. To sustain this commercial momentum, foreign exchange rates fluctuate continuously according to market dynamics. Despite adequate currency reserves within the domestic market, the implementation of conditions set by the International Monetary Fund (IMF) last month prompted a gradual depreciation of the taka […]

Foreign exchange rates serve as a vital pillar for international trade, inward remittances, import-export dynamics, and broader external financial settlements. Shifts in the global economy, central bank interest rates, commodity pricing, geopolitical instability, and supply-demand imbalances continuously influence the valuation of the Bangladeshi Taka against major international currencies. Ongoing geopolitical tensions across the Middle East […]