Creating Rumour is Now the Main Task of BNP Leaders

Creating rumors is now the main task of BNP leaders, said Bangladesh Awami League in a post on its verified Facebook page. The comment was posted in response to BNP's recent remarks over the state of the country’s forex reserve amid the ongoing austerity measures to deal with global headwinds. "The party is living on the oxygen of rumour...

Bangladesh has enough forex reserves to import food for 6-9 months: HPM Sheikh Hasina

Prime Minister Sheikh Hasina today (July 27, 2022) said Bangladesh would be able to meet six to nine months of import expenditures with the existing foreign currency reserves. "We have money in hand to import foodgrains and others (essentials items) for at least three months during any crisis. We'll be able to import food for six to nine months...

Misplaced comparison between Bangladesh and Sri Lanka

Pranab Kumar Pandey: A rich mix of opposition politicians, members of the civil society and unabashed Islamist radicals — has taken heart at the huge economic crisis that is bedevilling Sri Lanka. I call them the Doomsday Brigade of Bangladesh as they seem to be praying for divine intervention for such a crisis to fall on Bangladesh becau...

Bangladesh is not going to be another Sri Lanka

Bangladesh is not at risk of defaulting on foreign loan repayments because of its cautious management of external debt which has a much higher portion of soft loan with longer maturity periods than that in Sri Lanka. Besides, the size of Bangladesh economy and volume of exports are bigger than those of Sri Lanka and Pakistan put together, while...

Forex reserve hits record high over $44b

The country's foreign exchange reserves today hit a new record of $44.02 billion thanks to the upward trend of remittance and lower import payments, Bangladesh Bank data showed. The reserves, one of the major macroeconomic indicators of an economy, touched the $41 billion mark on October 28 and rose to $42 billion on December 15 and $43 billion...

Bangladesh Forex Reserves Cross $41 Billion

Bangladesh’s foreign currency reserves have surpassed $41 billion, three weeks after crossing the $40 billion for the first time. The reserves at the Bangladesh Bank stood at $41.2 billion on Thursday, sufficient to pay more than 10 months of import bills. Finance Minister AHM Mustafa Kamal once again thanked the Bangladeshi migrant work...