Bangladesh's forex reserves : Bangladesh’s gross foreign exchange reserves rose to $21.45 billion as the central bank has stepped up efforts to ensure a stock of international currencies in line with the prescription of the International Monetary Fund (IMF).
The Bangladesh Bank has asked Islami Bank Bangladesh to explain why it is buying US dollars from foreign exchange houses at a rate that is higher than the fixed price.
Bangladesh and India on July 11 rolled out the cross-border trade settlement in the rupee to cut the dependence on the US dollar, but transaction figures illustrate a dearth of interest in carrying out businesses in the Indian currency.
Islami Bank asked to explain buying dollars at high rates newagebd.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newagebd.net Daily Mail and Mail on Sunday newspapers.