The private sector’s foreign debt decreased by 4.3 per cent, or more than $1 billion, in the second quarter of the current fiscal year following Bangladesh Bank’s strict measures to control imports.

While the government is distracted by elections, the financial economy will suffer

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In an effort to keep the foreign exchange reserves stable, the Bangladesh Bank yesterday asked banks to take up to 100 per cent of import payments in advances from businesses while opening letters of credit (LCs) for luxury and non-essential items. 

The foreign currency reserve of Bangladesh hits a new record crossing a $ 27-billion mark.

The country's foreign currency reserves hit $24 billion today, setting a new record.