The Bangladesh Bank yesterday raised its key interest rate for the first time in a decade and devalued the local currency for the seventh time this year against the dollar as part of its moves to tackle inflationary forces and restore stability in the foreign exchange market.  

The Bangladesh Bank will sit with the Association of Bankers, Bangladesh (ABB) tomorrow to discuss the ongoing foreign exchange volatility in the country's banking sector.

Just a day after restricting all sorts of foreign travels of bank employees, Bangladesh Bank yesterday (May 23, 2022) said bankers can travel abroad for essential personal purposes at their own expense.

Bangladesh Bank today relaxed the rules related to the 2.5 per cent incentive extended to remitters if they send money home through the official channel.

The government high-ups and the top commercial bankers today urged expatriate Bangladeshis to send their money through the legal channel instead of using hundi – an illegal cross-border money transfer network.

In the face of falling foreign exchange reserves, Bangladesh Bank yesterday instructed banks to take up to 75 per cent of import payments in advance from businesses to open letters of credit (LCs) for luxury and non-essential goods.

The Bangladesh Bank today asked banks to keep their doors open and run operations on a limited scale on April 30, a public holiday, in order to settle the increased number of financial transactions ahead of Eid-ul-Fitr.

The Bangladesh Bank today revised its policy for post import financing (PIF) in order to give clarification to banks as importers have faced complexities to get fund properly.

Bangladesh Bank has once again said today that it does not allow holding or trading of any kind of virtual coin or cryptocurrency in the country.

Bangladesh Bank today declared another expansionary monetary policy with a view to injecting required money into the productive sector.

The CEOs of every financial institution will now need to take prior approval from Bangladesh Bank (BB) for travelling abroad be it for official purposes or personal.

Former Bangladesh Bank Deputy Governor SK Sur Chowdhury today said that the allegations raised against him were “completely false”.

Inter-bank electronic cheque transaction and fund transfer activities through Bangladesh Bank have been suspended since April 13 due to the disconnection of an optical fibre cable between two data centres of the central bank.

Bangladesh Bank has reduced banking hours from tomorrow in tune with a new restriction on movements declared by the government to keep the coronavirus pandemic at bay.

Bangladesh Bank is likely to reduce banking hours from tomorrow in tune with a new lockdown declared by the government.

Bangladesh Bank (BB) is going to release regular currency notes, commemorative coins and silver commemorative notes of Taka 50 marking the Golden Jubilee of Independence.

Bangladesh Bank today decided to form a Tk 500 crore fund in order to help new entrepreneurs aged 21 years and above start businesses.

Bangladesh Bank today said that borrowers will not be considered defaulters if they pay their instalments by December 31 this year.

The central bank orders banks to keep the margin on the opening of letters of credits to import essential commodities, including onions at a minimum level.

A Dhaka court sets October 12 as the date for submission of a probe report in the case lodged over the Bangladesh Bank (BB) reserve heist that took place in 2016.