Recent rate fixing is called "discriminatory" against exporters. A new legal framework is being set out to facilitate the confiscation of unreported offshore assets.
September 18, 2022Banks can clear USD, GBP, EUR, CAD and JPY through the RTGS system starting from 4 September. CNY clearing will be allowed "soon".
September 2, 2022The move is aimed at strengthening corporate governance, following a string of frauds and loan scandals in the NBFI sector.
September 1, 2022Dozens of money changers are being investigated for money laundering. Several banks are accused of making "excessive" profits from dollar sales.
August 30, 2022Merchant bankers also agreed to provide support. Listed companies were asked to form market-making subsidiaries. Bangladesh Bank amended its rules on calculating bank exposure limits.
August 10, 2022Bangladesh has sufficient FX reserves for over five months of imports, providing some cushion. It has also taken measures to address its falling FX reserves.
August 3, 2022Businesses can make a smaller down payment to reschedule their loans. Rescheduling will allowed up to four times, compared to three times previously.
July 29, 2022At least 75 percent of the BDT 250 million scheme will be disbursed among cottage, micro and small entrepreneurs, and 25 percent to medium sized enterprises.
July 23, 2022Countries must secure new and emerging gateways that are used to circumvent sanctions, as North Korea’s exploitation of cryptocurrency continues.
July 19, 2022Environmental and social impact assessments will have to be arranged by borrowers and submitted with their loan applications.
July 12, 2022