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Financial Market

Money market today

DAILY INDICATORS Sunday Previous Taka/US $ (inter-bank) 78.21-78.22 78.19-78.20 Call money rate (inter-bank) 02.75-05.00 02.75-05.00 Dhaka Stock Exchange index 4,443.15 4,502.16 MONTHLY CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Sept. 6.24 6.17 Bangladesh_Garment_MoneyM2 supply (bln taka) (BB) August 8,053.78 8,047.68 Forex reserves ($bln)(BB) Oct. 27.06 26.38 Exports(FOB) ($mln)(BB) Sept. 2,374.65 3,054.07 Imports(FOB) ($mln)(BB) August 3,226.00 3,767.00 -----------------...

BB to refinance NRBCBank

An agreement was recently signed between Bangladesh Bank and NRBC Bank. Under this agreement Bangladesh Bank will refinance NRBCBank against their finance to Jute processing industries. B Bank & NRBCBankMr. Provash Chandra Mallick, General Manager of Bangladesh Bank and Mr. Dewan Mujibur Rahman, MD & CEO of NRBCBank signed the agreement on behalf of their respective organizations. Among others, Deputy General Manager Mr. Tapan Kumar Saha, Deputy Director Mr. Mohammad Abdullah Al Masum  of Bangladesh Bank and Senior Executive V...

Governance, risk & compliance of insurance industry

Research and Markets has announced the addition of the “Governance, Risk and Compliance - The Bangladeshi Insurance Industry” report to their offering. ‘Governance, Risk and Compliance - The Bangladeshi Insurance Industry report is the result of extensive research into the insurance regulatory framework in Bangladesh. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report bd insurancespecifies various requirements for ...

BB buys 3.76b US dollars in FY15

In the wake of currencies losing their value worldwide, Bangladesh’s central bank bought up US dollars worth 3.76 billion from the commercial banks directly in the just-concluded fiscal year to keep the country’s money market stable. However, official figures show the amount purchased in FY 2014-15 as lower in volume than what were in the previous two consecutive fiscal years, reports The Financial Express (FE). bb-logoIn FY14 and FY13, the Bangladesh Bank (BB) had bought $5.15 billion and $4.54 billion respectively. On the other hand, the central...

Fake notes at ATM booths: What to do

With Eid approaching, people all over the country are withdrawing money from banks and ATM booths. Generally, the validity of notes issued from banks and booths are ensured. While there has not been any definite proof, we have heard of some claims of ATM booths issuing atmcounterfeit money. But the problem with booths is that without a bank official present, it might be difficult to get reimbursed if one does end up with one. To be on the safe side, follow the safety precautions below
  • Withdraw money from ATM banks in small amounts. So if you...
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