Crawling peg hardly works as banks duck interbank forex mkt
Commercial banks have changed strategy on foreign-currency management with its concentration on interbank swap and dollar-euro trades to avert shocks stemming from crawling- peg regime, thereby leaving the interbank forex market virtually derelict.As part of the changing approach in using foreign currencies in a more sustainable way in this critical...
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Annually $15b laundered from Bangladesh
A grave allegation is brought by the executive chief of Transparency International Bangladesh (TIB) that Bangladesh Bank effectively served as a conduit for corruption, enabling widespread financial misconduct, while other watchdogs also looked on. Iftekharuzzaman, Executive Director of TIB, speaking Saturday at a seminar titled 'Odious Debt and Recovery of...
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Yunus promises due support to female booters
Chief Advisor (CA) Muhammad Yunus on Saturday promised to resolve the immediately solvable crises the Bangladesh Women's football team have been facing and requested details after members of the team sought a way out of their financial hardships following a thrilling victory at the SAFF Women's Championship 2024 finals.Requesting the...
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Future projects to prioritise feasibility: Adviser
The feasibility study report of the projects will be carefully scrutinised before approving the projects in the future, Road Transport and Bridges and Energy Adviser Muhammad Fauzul Kabir Khan said on Saturday, reports UNB."There will be zero tolerance for corruption, and only projects that benefit the people will be taken,"...
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Sale of all-purpose Rapid Passes starts
The metro rail authorities have stopped issuing new MRT Passes and started selling over-the-counter Rapid Passes at the stations on Saturday.However, the existing MRT passes that have already been issued will remain valid until its holders require it to be replaced due to damages or for other reasons, sources said.They...
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