Economy

BB sells $11.67b to banks in 10 months

Shawdesh desk: The Bangladesh Bank sold $11.67 billion from its foreign exchange reserves to banks in less than 10 months amid a severe dollar crisis faced by the country’s banks.

Gold price drops by Tk 3,138 per bhori

Shawdesh Desk: Jewellers in the country have reduced the gold prices by Tk3,138 per bhori and the new rate will be effective from 4 pm on Tuesday. Bangladesh Jewellers Association

Departmental stores draw 49.61pc credit card transactions

Shawdesh Desk: Departmental stores were the primary destination for credit card transactions, accounting for 49.61 per cent of transactions in February, according to a Bangladesh Bank report. Apart from departmental

Bank interest rate spread crosses 5pc after 9 years

Shawdesh desk: The weighted average interest rate spread in Bangladesh’s banking sector exceeded 5 per cent in February after 2015, driven by rising lending rates. According to Bangladesh Bank data,

Gold price drops by Tk840 per bhori

Shawdesh Desk: Jewellers have decreased the price of gold by Tk840 to Tk1,18,797 per bhori (11.664 grams) due to a reduction in the price of pure gold on the local

No more merger proposal for now: BB official

Shawdesh desk: The Bangladesh Bank has decided not to accept any further proposals for bank mergers at the moment, as it has already received five proposals for mergers, according to

Price fall in large-cap drives stocks down

Shawdesh dEsk: Country’s both the bourses– Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) — today plunged due to mainly price fall in large-cap securities. DSEX, the prime index

Import restrictions bring no major let-up

Shawdesh Desk: Import restrictions on luxury items and other policies implemented by the government during the past two years have failed to tackle the dollar shortage and ease the economic