A number of news items and views recently appeared in the media underscoring the importance of introducing a system of settlement of Indo-Bangla trade in Indian rupee (INR). The main themes of the optimism are based on the premise that it will ease the pressure on our foreign exchange reserve, red
A K Nazir Uddin Ahmad was popularly known as A.K.N. Ahmed, or simply by the initials AKN. He served as the second governor of Bangladesh Bank, the central bank of the country, from November 19, 1974 to July 13, 1976. The celebrated banker passed away on February 24, 2016 in Washington DC in h
A K Nazir Uddin Ahmad was popularly known as A.K.N. Ahmed, or simply by the initials AKN. He served as the second governor of Bangladesh Bank, the central bank of the country, from November 19, 1974 to July 13, 1976. The celebrated banker passed away on February 24, 2016 in Washington DC in h
A recent survey by the Bangladesh Institute of Bank Management (BIBM) revealed that trade-based money laundering in Bangladesh is rising quite fast. The scope for use, or rather misuse, of this channel has reached menacing proportion in recent years in the wake of phenomenal growth of Bangladesh's
Bangladesh professes to maintain a floating exchange rate of its currency but practices what is called managed floating or pegged floating regime. In foreign exchange parlance this system of exchange rate management is also known as dirty floating. What we are actually doing is pegging our currency
We cannot find a better set of words to describe the present state of Bangladesh economy than by borrowing, albeit with a slight variation, a line or two from Charles Dickens' classic, A Tale of Two Cities -- it is the best of times, it is the worst of times, it is the age of wisdom, it is the age
Imagine a scenario where, on a fine morning, the people wake up to find that a flat in their locality has suddenly turned into a centre of attraction for the spoiled kids as well as the adults - mostly from neo-rich and poor households. They are desperately seeking their 'spice of life' to earn a t
An ominous trend witnessed in the last few years is the rat race for borrowing money in foreign currency by the borrowers in the private sector. According to the Bangladesh Bank's latest Annual Report (2016-17) the amount of foreign currency loans snowballed to a staggering $9.43 billion on June 30
