Economy

BB autonomy, banking reform legislation before long

BB autonomy, banking reform legislation before long

Central bank autonomy and banking-reform bills of legislation before long as the finance adviser pledges a push within the interim government tenure as experts plead for healing chronic banking ills. Dr Salehuddin Ahmed said at a meet Thursday that the interim government would make a final push to

Bangladesh Bank buys $45m from two banks to bolster reserves

Bangladesh Bank buys $45m from two banks to bolster reserves

In its continued effort to stabilize the foreign exchange market and build up national reserves, Bangladesh Bank (BB) purchased an additional $45 million from two commercial banks on Tuesday (January 20). The dollars were bought at a fixed exchange rate of Tk 122.30, with the cut-off rate also set

MoL turns down draft Money Loan Court Act

MoL turns down draft Money Loan Court Act

The law ministry has turned down the central bank's proposal to prepare a new Artha Rin Adalat Ain (Money Loan Court Act) and suggested updating of the existing law through necessary amendments, officials say. The draft law, prepared by the central bank, incorporated extensive punitive actio

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