Many banks declining to open LC amid dollar crisis
The commercial banks in the country are facing difficulties in settling import payment obligations, with their holding of foreign currency depleting fast amid an ongoing ...Details
IMF agrees $4.5bn loan to Bangladesh, first tranche in Feb
The International Monetary Fund (IMF) has agreed to loan $4.5 billion to Bangladesh in seven instalments extending to December 2026, announced ...Details
BB sells $5.47b from reserve in 4 months
The Bangladesh Bank has sold record $5.47 billion to banks since July of the current financial year due to a severe dollar crisis that hampered ...Details
EDF interest rate goes up yet again
The Bangladesh Bank has yet again increased the Export Development Fund (EDF) loan interest rate, raising it to 4 per cent, which will come into effect from November 13 ...Details
No hope for Evaly customers in sight
With a lot of hype, the much-talked-about controversial e-commerce platform Evaly from its verified facebook page announced its comeback with ...Details
