Credit card issuance by banks in Bangladesh witnessed slower growth in 2023 compared to the year prior, when the National Board of Revenue (NBR) tightened its regulations for securing the debt-based financial instrument.
The foreign exchange crisis in Bangladesh has dealt a blow to credit card users as the sharp appreciation of the US dollar against the taka has narrowed their scope for foreign purchases through cards.
With Eid-ul-Fitr just around the corner, streets all over Bangladesh are bustling with people who are either out shopping for gifts or groceries as well as those travelling home for the holiday.
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