Ease for banks as exchange rate drops The interbank exchange rate of the US dollar and average dollar buying rates by banks started to decline just a week after the public and private banks took up some special measures in coordination with the central bank. According to the central bank,
Read MoreRural savings pile up on remittance inflow Total deposits in areas outside the municipalities and city corporations stood at Tk3.4 lakh crore in June this year, up from Tk1.61 lakh crore at the beginning of 2016, according to the latest data released by the Bangladesh Bank. The surge in rural
Read MoreTraders now allowed to export from another country The Bangladesh Bank has announced a “Merchanting Trade” policy which will allow traders to buy goods and services from another country and export those to a third country in a bid to diversify exports. The Foreign Exchange Policy Department of Bangladesh Bank
Read MoreBangladesh leads global denim market Bangladesh’s dominance in the global denim market has continued thanks to a surge in demand driven by the trade tension between the US and China. Owing to higher demand, denim product manufacturers have surpassed their Chinese counterparts in Europe and the US, the two major export
Read MoreBD can earn $20b more from exports to EU, UK Bangladesh could earn an additional US$20 billion through export of goods to the European Union (EU) and the United Kingdom (UK), as full potentials of the markets still remain untapped, according to the findings of a latest study. The country
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