Weak taka cheers up remitters Remittance income rose 27.64 percent year-on-year to $1.21 billion in November, as the depreciation of the taka against the American dollar made sending money to Bangladesh more lucrative, according to data from the central bank. November’s inflows was also 4.47 percent higher than that of

Eleven banks served show-cause notices by Bangladesh Bank for selling USD at higher rates Bangladesh Bank yesterday issued show-cause notices to 11 banks for trading USD at prices higher than the inter-bank declared rates. The banks have been asked to reply to the notices within three days. The USD appreciated

Farmers Bank continues to worry BB Bangladesh Bank has asked Farmers Bank to explain why it continues to disburse fresh loans despite having a bar on lending since January. Earlier in January, the central bank slapped some restrictions on fresh loan disbursement and opening of new branches, with a view

Sept remittance hits 84-month low The inflow of remittance in September this year registered US$853.73 million, which was lowest in seven years. It was around $838 million in September 2010, according to the central bank figures. The remittance fell by $564.85 million or more than 39 per cent from the

Bank heist report not yet, Muhith reaffirms Finance Minister AMA Muhith reiterated that the probe report on the heist in Bangladesh Bank’s account with the US Federal Reserve Bank wouldn’t be published yet, but expressed the hope that the entire sum would be recovered. But it’ll take time, he said