Bangladesh world’s second in maintaining currency value Bangladesh ranks second among countries that succeeded in maintaining its currency value, although the rate of currency against the dollar has decreased in almost all countries of the world due to the war between Russia and Ukraine. A study shows that since the
Read MoreModern Syntex coming to feed into major demand for synthetic yarns Modern Syntex has stepped up with a big investment in manufacturing polyester and synthetic yarns to fit the bill for global consumers switching from cotton to manmade fabrics. The factory, being developed on 20 acres of land in Bangabandhu
Read MoreInflation jumps to 6.29% in April The point-to-point inflation rate jumped by 0.07 percentage point in April to 6.29%, the highest in 18 months, mainly because of soaring commodity prices in the international market, appreciation of dollars globally and a rise in domestic household demand. The overall inflation was 6.22%
Read MoreDollar price jumps over Tk100 mark US dollar price now jumps over Tk 100 mark for the first time in Bangladesh, prompting the central bank to begin a probe into the unusual exchange-rate hike. A brigade of 12 inspection teams of Bangladesh Bank started on-site inspections into alleged ‘distortion’ to
Read MoreTaka depreciates deeper Bangladesh taka’s value dropped deeper in exchange with the US dollar amid higher demand for the greenback against lower receipts through trade and remittance. The local currency lost its value by 80 paisa on the inter-bank foreign- exchange (forex) market on Monday in such a fall after
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