“Economy will become normal by March-April”-Says planning minister Planning Minister MA Mannan today said there is no dollar crisis in the country, only a shortage. The economy will return to normalcy by March-April next year, he said. He made the comments while talking to reporters after the opening ceremony of
Read MoreRemittances to lower income countries ease in 2022: WB Cash transfers to low- and middle-income countries eased this year, with rising prices taking a toll on migrants’ incomes, the World Bank said Wednesday. Remittances to lower-income countries rose around five percent to $626 billion, lower than the 10.2 percent jump
Read MoreBB okays MFS providers to bring remittance directly Bangladesh Bank has allowed mobile financial service (MFS) providers to bring inward remittance, in order to increase remittance inflow.The foreign exchange policy department of Bangladesh Bank issued a circular in this regard on Tuesday, according to UNB.According to the circular, authorised dealers
Read MoreForeign firms, JVs in EZs get permission to take loans in taka Bangladesh Bank (BB) has allowed foreign firms and joint ventures (JVs) located in the economic zones (EZs) to take working capital loans in taka from the domestic banking system for their operations catering for the local market. “Industrial
Read MoreNCC Islamic Banking launched NCC Bank has launched a Shariah-based Islamic banking service, “NCC Islamic Banking”. Md Abul Bashar, chairman, and Sohela Hossain, vice-chairman, inaugurated the service alongside an associated branch in Gulshan 2 of Dhaka yesterday, said a press release. “This Shari’ah-based Islamic banking will help to develop the overall
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