Since the Russia-Ukraine war emerged, global supply chain disruptions led to import price hike, resulting in mismatch between inflows and outflows of foreign currency in many countries including ours. Local currency faced huge depreciation, as a result. To face the challenges, the authorities conce

In the present days, most of economies are open.  Every economy depends on external sector at every step. There is thus the need for inflows from external sources to meet the need for cross border transactions. Export is one of the sources of inflows. But the sector is vulnerable, which need

Every transaction has two wings - receipts and payments. This is the golden rule of bookkeeping. The same is applicable to cross border transactions. For instance, a buyer makes payments to a seller who receives money for the deal. On the other hand, an importer makes fund available to a bank for t

Recent trend in exchange rate becomes talk of the town. It is well known that depreciation of local currency facilitates foreign currency earners; with costs to making remittances abroad. Taka is reported to have been depreciated to a moderate extent. To retain value of Taka at a reasonable level,

During Covid-19, the central bank was found busy with the implementation of different stimulus packages. No tensed situation was faced with regard to the external sector since imports were at manageable level with export proceeds and wage remittances. Wage remittances were on surge with record jump

Different government authorities do mathematical exercises of events that happened earlier. Based on the exercises, different projections are forecast. The results of future forecasts depend on the efficiency of implementation. There are some statements, prepared by different government agencies,

Like goods, services are also importable items. There are different services like royalty, technical knowledge, technical know-how, engineering services, consultancy services and numerous more. Import of services does not require customs assessments as in the case of goods import. Remittance on acc

In international trade transactions, the basic activities are export and import executed through four methods. These are: payment in advance, letter of credit (LCs), documentary collection, and open account. All four methods are in operations in Bangladesh. In LC method, both exporters and importer