TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK

TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK


TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK

Click to Close

Rate last updated: 02/01/2014 11:15:04 AM

Daily Business News Flash September 06, 2022

Foreign exchange rates stable after BB tightens spending 

Bangladesh Bank’s move to curb foreign currency spending has resulted in stability in the market after a jump in hiking exchange rates over the last four months. Through several regulatory measures against some banks and money exchange houses, the volatile forex market is seemingly stable now. Banks’ and kerb market’s exchange rate of US dollar stood at Tk 95 and Tk 98-100 respectively. After joining as Bangladesh Bank Governor on July 12, 2022, Abdur Rouf Talukder has taken measures to bring banks and non-bank financial institutions (NBFIs) under strict monitoring. He formed several teams led by deputy governors for inspection and monitoring of bank and NBFI activities, reports UNB. Despite the central bank guidelines and instructions, several banks have been defying the rules of foreign trade, including LC opening, dollar trading, and spending of forex through credit cards. Against this backdrop, Bangladesh Bank asked 27 banks to explain unusual spending of forex. The central bank found such excessive spending under 71 credit cards issued by the 27 banks. These cards have been transacted from USD $12,500 to $20,000. 

Source: https://thefinancialexpress.com.bd/economy/foreign-exchange-rates-stable-after-bb-tightens-spending-1662380044

Central bank starts instant transactions of foreign currencies through RTGS

Bangladesh Bank has started instant foreign currency transactions, from bank to bank, through online-based real-time gross settlement (RTGS). Banks are primarily clearing and settling in US dollars, pounds, euros, Canadian dollars, and Japanese yen. Bangladesh Bank Governor Abdur Rouf Talukder officially inaugurated the RTGS programme at the headquarters of the central bank in Motijheel on Sunday. Deputy governors Ahmed Jamal and Kazi Sayedur Rahman, President of FBCCI Md. Jasim Uddin, MCCI President Saiful Islam, Chairman of Association of Bankers, Bangladesh Selim RF Hossain, and senior officials of the central bank, among others, were present at the event. Earlier, five currencies – US dollar, pound, euro, Canadian dollar, and Japanese yen – were settled in the traditional transaction system. As per the method, banks use paper documents, and the bank officials settle the transaction. It was time-consuming and costly, said Md Serajul Islam, executive director and spokesperson of Bangladesh Bank. From Sunday, banks will be able to settle transactions instantly without any hassle through the RTGS system, he said.

Source: https://thefinancialexpress.com.bd/economy/central-bank-starts-instant-transactions-of-foreign-currencies-through-rtgs-1662294022

Banks asked to take effective steps for less energy use

The Bangladesh Bank on Monday asked all scheduled banks to take effective and exemplary measures in reducing power and energy consumption. The BB issued a circular in this regard on the day. Earlier on July 26, the central bank asked the banks to reduce energy consumption by 20 per cent and power consumption by 25 per cent to tackle current energy and dollar crises. According the instruction, banks must continue its steps to save at least 20 per cent of allocated funds for petrol, diesel and gas, oil and lubricant. In this regard, the banks must prevent usage of office cars for personal works and unauthorised car usage.

Source: http://www.allbanglanewspapersbd.com/new-age/

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
↓ 337.98↓ 1.07%
FTSE100$7,287.43 ↑ 6.24↑ 0.09%
Nikkei 225$27,624.96 ↑ 5.35 ↑ 0.02%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$88.54↑ 1.67↑ 1.92%
Crude Oil (Brent)$94.83↓ 0.91↓ 0.95%
Gold Spot$1719.56↑ 9.19↑ 0.54%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 95.0000
GBP 1BDT 109.4115
EUR 1BDT 94.3350

*World Commodities & Local and Global Stock Indices data are taken from bloomberg.com<

* Exchange Rates are taken from BB website, as on latest update.<




Dear Valued Patrons,

At the very onset, let me express my heartiest gratitude for allowing us to serve you and I also wanted to reach out to you directly with an assurance that Dhaka Bank is fully equipped to support you during this difficult time.

Last couple of weeks ago we all were living in a peaceful condition, performing our daily tasks freely and perfectly. Entire economy and business environment was also in a good shape, until COVID-19 put a forceful stoppage to the overall life style and economy of the world. We all know that social distancing and cleanliness are the keys to prevent this pandemic. Hence, we urge your conscious effort to limiting public interaction and suspending wherever possible.

In this current situation, Dhaka Bank and its employees are beside you where we are fully online, either working from home or at our offices under a robust Business Continuity Plan (BCP) to serve you with limited branch banking and a full-fledged alternate delivery channel services.

Our state of the art Mobile App, Dhaka Bank GO (Click https://bit.ly/2WVfieu) and Internet Banking - Dhaka Bank Direct gives you the freedom of banking online anytime from anywhere. You can check the balance and transfer money to any designated Banks including any Dhaka Bank or bKash Account, make utility bill payments and mobile top-up through our Mobile App and Internet Banking Services. Our ATMs are also running efficiently with availability of sufficient cash for your convenience where you can make cash withdrawals whenever the need arises. Mentionable, the withdrawal of cash from any ATMs within Bangladesh with Dhaka Bank Debit Cards are absolutely free of charges up till April 30, 2020 (Dhaka Bank will bear the cost). Our corporate customers can also use our completely safe and secured online platform Dhaka Bank C-Solution for Payments, Inter Bank Fund Transfers, etc.

Moreover, to fulfill your urgent requirement, we have a limited no. of branches up and running by ensuring all kinds of precautionary and safety measures for you.

In case of extreme emergency and facing difficulties in conducting banking transactions, please let us know through our 24/7 Contact Center number 16474 (or, dial +8809678016474 for ISD/Overseas Calls). We are always with you to combat your difficulties.

As you know we are going through a critical phase and the situation is novel to all of us. We are getting lot of new information from various sources everyday about COVID-19 which will be shared at www.dhakabankltd.com.

Thank you for your trust and continued support to us. I firmly believe that jointly we will be able to combat this situation and win against all the odds.

Please stay home, stay safe and take care of yourself and family.

Best regards,

Emranul Huq
Managing Director & CEO
Dhaka Bank Limited