Investigation underway into 2 former BB governors, 53 officials
Investigation underway into 2 former BB governors, 53 officials

The Anti-Corruption Commission (ACC) has launched an investigation into corruption allegations against 53 former and current officials, including former Bangladesh Bank governors Abdur Rouf Talukder and Atiur Rahman. The officials face accusations of illegal asset acquisition, money laundering, and...

BB to issue new notes from March 19 centering Eid
BB to issue new notes from March 19 centering Eid

Like the previous years, the Bangladesh Bank will issue new notes in the market denominations of Taka 5, Taka 20, and Taka 50 through various scheduled banks of Dhaka region centering the upcoming Holy Eid ul Fitr, reports BSS. The common people will be able to take new notes from March 19 to...

BB to announce monetary policy statement today
BB to announce monetary policy statement today

Bangladesh Bank (BB) will announce the Monetary Policy Statement (MPS) for the second half of the 2024-2025 fiscal year (January-June), aiming to control inflation by keeping interest rates unchanged. The central bank governor Dr Ahsan H Mansur will formally announce the policy at 3 pm on...

New receiver appointed at BEXIMCO Group
New receiver appointed at BEXIMCO Group

Bangladesh Banks executive director Md Ruhul Amin suspended as the receiver of BEXIMCO group. Following the suspension, another executive director of the central bank, Khasru Parvez, was appointed as the receiver for the group on Tuesday. Central Banks spokesperson and executive director Arif...

Arif Hossain appointed as BB’s new spokesperson
Arif Hossain appointed as BB’s new spokesperson

Arif Hossain Khan, Executive Director of Bangladesh Bank, has been appointed as the central banks new spokesperson, replacing Husne Ara Shikha. The decision was announced in a directive issued on Wednesday by Jobdul Islam, Director of the central banks Human Resources Department. To assist...

Over 300 secret lockers found in BB
Over 300 secret lockers found in BB

The Anti-Corruption Commission (ACC) is set to open over 300 secret lockers registered under the names of Bangladesh Bank officials in the presence of magistrates, the central bank confirmed on Wednesday, reports UNB. This revelation has sent former and current corrupt officials of the central...

ACC asks BB to freeze officials' safe deposits
ACC asks BB to freeze officials' safe deposits

The Anti-Corruption Commission (ACC) has sent a letter to the governor of Bangladesh Bank (BB), requesting measures to temporarily freeze all officials safe deposits in the banks security vault, reports Dhaka Tribune. This is to prevent any official from accessing their stored items. ACC...

‘Depositors will get back money from weak banks’
‘Depositors will get back money from weak banks’

Bangladesh Bank Governor Dr Ahsan H Mansur assured depositors that they would get their money back from weak banks. I assure that you will get your money or bonds back in phases, he said while speaking as the chief guest at a workshop on microfinance at the CIRDAP auditorium in the city on...

Expats send $1.68bn in remittance over 25 days of Jan
Expats send $1.68bn in remittance over 25 days of Jan

Bangladesh received $1.68 billion in remittance through legal channels during the first 25 days of January, 2025. On average, expatriates sent $67.04 million per day during this period. According to the latest data from Bangladesh Bank (BB), the total remittance flow for January is likely to...

BB adopts new provisioning system to tackle non-performing loans
BB adopts new provisioning system to tackle non-performing loans

Bangladesh Bank (BB), in a bid to mitigate the severe liquidity crisis and prevent bankruptcies stemming from non-performing loans (NPLs), has introduced a new provisioning model in compliance with international financial standards. The move aims to ensure banks are better equipped to handle...

Capital machinery imports plunge amid rising economic uncertainty
Capital machinery imports plunge amid rising economic uncertainty

The import of capital machinery in Bangladesh has plummeted, reflecting the deepening economic uncertainty facing the nation. Data from Bangladesh Bank reveals a stark decline in letters of credit (LCs) for machinery imports across all industrial sectors during the first five months (July-November)...

Central bank lifts restrictions on bankers' foreign travel
Central bank lifts restrictions on bankers' foreign travel

In a significant policy shift, Bangladesh Bank has removed all restrictions on the foreign travel of bank officials. From now on, bankers will no longer need prior approval from the central bank to travel abroad. The new directive, issued in a circular on Sunday, allows bank officers to travel for...

BB to offer special loan rescheduling facility
BB to offer special loan rescheduling facility

Bangladesh Bank (BB) is set to introduce a special loan rescheduling scheme for genuinely affected defaulters, providing extended repayment periods and interest waivers. For this, the central bank aims to issue a formal notification soon, with a transparent process to ensure only deserving...

Foreigners in Bangladesh increase spending on credit cards
Foreigners in Bangladesh increase spending on credit cards

On November amongst the last eight months foreigners including travellers or expatriates in Bangladesh have spent a total taka 204 crore on their credit cards. It is the second highest spending of foreigners in the country following taka 226 crore record of March 2023. On contrary, Bangladeshis...

United States overtakes UAE as leading source of expatriate remittances
United States overtakes UAE as leading source of expatriate remittances

The United States has surpassed the United Arab Emirates (UAE) in sending the most expatriate income, maintaining the top spot for three consecutive months. This marks a significant shift in global remittance trends, driven by a steady increase in U.S. expatriate remittances since political changes...

Businessmen backed against the wall
Businessmen backed against the wall

Resentment among businessmen is mounting as they feel increasingly cornered by the challenges facing the economy. With no clear guidance to revive trade and business, many have turned to Bangladesh Bank Governor Ahsan H. Mansur, presenting a nine-point set of demands aimed at easing their burden....

Expats send $73.66cr in remittances in 11 days of January
Expats send $73.66cr in remittances in 11 days of January

Expatriate Bangladeshis have sent $73.66 crore in remittances during the first 11 days of January, the first month of the new calendar. The daily average remittances to the country are $6.69 crore. According to the latest data received from the Bangladesh Bank on Saturday, Bangladesh received...

Govt to appoint foreign lawyer to recover siphoned money
Govt to appoint foreign lawyer to recover siphoned money

Bangladesh Bank Governor Dr Ahsan H Mansur on Saturday announced that the interim government will hire foreign lawyers to recover funds siphoned abroad, offering commissions as incentives for retrieving large amounts, reports BSS. Money had been siphoned abroad, and we are now working with...

Defaulted loans could exceed Tk 6 lakh crore
Defaulted loans could exceed Tk 6 lakh crore

Bangladesh Bank spokesperson Husne Ara Shikha said information on defaulted loans was hidden in previous governments regime, now efforts are being made to reveal it. It is said that the defaulted loans are worth 4 lakh crore taka or more. But she believes that if the total information comes to...

Former BB ED made advisor to the governor
Former BB ED made advisor to the governor

Ahsan Ullah, former executive director (ED) of Bangladesh Bank, has now joined as an advisor to the governor of the regulator. He will assist Governor Dr. Ahsan H. Mansur with central reform activities. Ahsan Ullah took up the advisory post following his appointment, which was issued on Monday,...

Amount of defaulted loans may exceed 6 lakh crores
Amount of defaulted loans may exceed 6 lakh crores

Husne Ara Shikha, executive director and spokesperson of Bangladesh Bank, said that earlier the information on defaulted loans was hidden, but now efforts are being made to reveal all the hidden information. According to the information, the defaulted loans are of Tk 4 lakh crores or more. If...

Bangladesh receives $22.67cr in remittances in 4 days of Jan
Bangladesh receives $22.67cr in remittances in 4 days of Jan

Expatriate Bangladeshis sent $22.67 crore in remittances during the first four days of January, the first month of the new calendar. The daily average remittances to the country are $5.66 crore. According to the latest data received from the Bangladesh Bank on Monday, Bangladesh received over...

BB relax forex  for July uprising victims
BB relax forex for July uprising victims

Bangladesh Bank (BB) has announced a relaxation in the foreign exchange release limit for those requiring medical treatment abroad due to injuries they suffered during the July uprising. The Foreign Exchange Policy Department of the central bank issued a circular in this regard on Tuesday,...

Bank holiday today
Bank holiday today

All types of bank transactions are closed to mark the bank holiday today. Bank holiday is observed on December 31 every year. On this day the accounts sent from different branches of banks are consolidated and the annual financial report is prepared. That is why this day is considered a bank...

Initiatives aimed at reviving glory of ‘golden fiber’
Initiatives aimed at reviving glory of ‘golden fiber’

The Interim Government of Bangladesh has taken significant steps to revive the nations once-thriving jute industry, often dubbed the golden fiber. As part of this initiative, Bangladesh Bank has introduced special provisions to facilitate the repayment of outstanding loans in the jute sector....

6 key drivers behind dollar price volatility in Bangladesh
6 key drivers behind dollar price volatility in Bangladesh

Bangladeshs foreign exchange market faces significant volatility, driven by six critical factors identified by Bangladesh Bank. Spokesperson and Executive Director Husne Ara Shikha outlined these challenges on Monday, highlighting the year-end surge in dollar demand due to December loan repayment...

Bangladesh Bank steps in to stabilize exchange rates
Bangladesh Bank steps in to stabilize exchange rates

As the countrys foreign exchange market is facing turmoil due to surging dollar demand, Bangladesh Bank has come up to identify key causes and implement corrective measures, UNB reports citing officials. To stabilize the situation, they said, Bangladesh Bank has taken the following steps:...

Country receives $2.4b remittance in 28 days
Country receives $2.4b remittance in 28 days

Expatriate Bangladeshis sent over US$2.4 billion in remittances during the first 28 days of December in the 2024-25 fiscal year. Of this, remittances through state-owned and specialized banks accounted for $782.27 million, while private banks received $1,631.36 million, according to Bangladesh...