Further depreciation of BDT likely if trade deficit widens The ministry of finance (MoF) foresees the necessity of depreciating taka further if Bangladesh’s external financial imbalance intensifies in the second half of this fiscal year, officials said. Taka depreciated by 5.0 per cent against greenback in 2017. The worries crop
Read MoreImports soar 28pc on food grains, machinery, fuel oils The country’s overall imports jumped by more than 28 per cent or US$1.09 billion in January mainly due to higher import of food grains, capital machinery and fuel oils, officials said. The settlement of letters of credit (LCs), generally known as
Read MoreFocus on policy support for growth of agent banking Appropriate policy support and necessary actions are required to give further impetus to agent banking services in the country, despite their significant growth since inception in 2014, according to a study. According to it, the services grew tremendously by 1,798.2 per
Read MoreInvestments by Islamic banking sector jump 19% The total investment in the country’s Islamic banking sector jumped 19% at the end of December 2017, over the same period of the previous year (2016). Statistics release by the central bank showed that total investments by the Islamic banking sector stood at
Read MoreBB defers readjustment of ADR by six months: Banks get until year-end to check higher advances to address liquidity crunch The central bank extended time for six months to December for banks to execute its revised advance- deposit ratio (ADR), apparently as the measure yielded chain effects like credit squeeze,
Read More