Monday, November 19, 2018 | ePaper

Dollar appreciates against Taka

  • Print



US dollar continues to gain strength against Bangladesh Taka (BTD) as the demand of the greenback has shot up due to a rise in the import of capital machineries and essential commodities, including food grains.
"Though the exchange rate was depreciating in the world market in the last few years, the Bangladeshi currency remained stable. In the last few days, Taka has slightly depreciated against US dollar but it will have no major impact on the financial sector," Bangladesh Bank (BB) Executive Director Subhankar Saha told.
Depreciation of Taka against US dollar means the exporters and remittance senders will be benefitted, Subhankar Shah added.
According to the BB data, the inter-bank exchange rate of the US dollar stood at Taka 81.60 on Wednesday, up from Taka 80.90 on November 1 this year and Tk 78.46 on November 1, 2016. Talking to BSS, Managing Director of Mutual Trust Bank Limited (MTBL) Anis A Khan said settlement of Letter of Credit (LC) of different import items by banks has increased recently.

More News For this Category

Mohammad Nawaz, Director of South Bangla Agriculture & Commerce (SBAC) Bank Ltd, inaugurating its 66th branch at Abdullahpur in South Keranigonj of Dhaka on Sunday.  Md. Golam Faruque, Managing Director of the bank presided over the ceremony. DMD Tariqul Islam Chowdhury, Company Secretary Md. Mokaddes Ali and Branch Manager Salil Kumar Dutta were present.

Mohammad Nawaz, Director of South Bangla Agriculture & Commerce (SBAC) Bank Ltd, inaugurating its 66th branch at Abdullahpur in South Keranigonj of Dhaka on Sunday. Md. Golam Faruque, Managing Director of the bank presided over the ceremony. DMD Tariqul Islam Chowdhury, Company Secretary Md. Mokaddes Ali and Branch Manager Salil Kumar Dutta were present.

China bangs drum for open economy

Xinhua, Port Moresby :Against the backdrop of rising protectionism and unilateralism that threaten world economic growth, China has banged the drum for open economy, with both words and deeds."We should

China localities pledge support for private businesses

Xinhua, Beijing :Authorities in many regions across China have pledged support for private enterprises in a bid to stimulate economic growth and boost job creation.Beijing municipal government is offering customized

US industrial output gains in October despite drop in autos

Auto production and mining slowed sharply in October but not by enough to halt the continued and accelerating output by the US industrial sector, the government reported Friday.The production gains

Iran sugar workers strike over unpaid wages

AFP, Tehran :Workers at Iran's oldest sugar cane company went on strike on Saturday over unpaid wages, calling for the troubled factory to be nationalised, the semi-official news agency ILNA

Romania could challenge Russian grip on Europe's energy

AFP, Bucharest :Romania, one of the EU's poorest members, could emerge as an unlikely challenger to Russia's iron grip on eastern Europe's energy supply thanks to vast oil and gas

Md. Kamruzzaman, Head of Retail Banking of ONE Bank Limited and Ahmad Raquib, Deputy General Manager (Branding) of Sarah Resort Ltd, sign a MoU recently. Under the agreement, the Employees and cardholders of the Bank will enjoy 25pc discount on room rent on Saturday to Thursday and 15pc discount on Friday and govt. holidays and other exclusive benefits at the Resort in Gazipur.

Md. Kamruzzaman, Head of Retail Banking of ONE Bank Limited and Ahmad Raquib, Deputy General Manager (Branding) of Sarah Resort Ltd, sign a MoU recently. Under the agreement, the Employees and cardholders of the Bank will enjoy 25pc discount on room rent on Saturday to Thursday and 15pc discount on Friday and govt. holidays and other exclusive benefits at the Resort in Gazipur.

70pc Japanese firms in Bangladesh want to expand business

Economic Reporter :About 70 percent of the Japanese companies in Bangladesh want to expand their business in the next one to two years as their confidence has improved, said Japan

Anjan Chandra Paul, District Commissioner of Laxmipur, inaugurating School Banking Conference-2018 organized by Shahjalal Islami Bank Ltd at Laxmipur Pouro Milonayoton recently. Amir Uddin Chowdhury, Head of Business Development and Marketing Division of the Bank presided.

Anjan Chandra Paul, District Commissioner of Laxmipur, inaugurating School Banking Conference-2018 organized by Shahjalal Islami Bank Ltd at Laxmipur Pouro Milonayoton recently. Amir Uddin Chowdhury, Head of Business Development and Marketing Division of the Bank presided.

BFTI to open master's course on international trade

Business Desk  :Bangladesh Foreign Trade Institute (BFTI) would open master's course on international trade.  Commerce Minister and Chairman of BFTI Tofail Ahmed took the decision at its Annual General Meeting