Saturday 8th of February 2025
|
|
|
Headlines : * India Partly to Blame for Ongoing Vandalism: Deputy Press Secretary   * Hasina inciting people to create unrest: Jamaat Amir   * Fortune Barishal clinch consecutive BPL titles   * ACC to probe wastage of money behind Hasina’s foreign trips, doctorate degrees   * 10 soldiers killed in Niger `ambush`   * UN chief warns Trump against ethnic cleansing in Gaza   * Houses of Hasanat, Amu, Shimul vandalised, set on fire   * Saudi embassy in Dhaka hands over 100 ton dates for Bangladesh people   * Trump wants to annihilate Gazans displacing them permanently   * Students enter Mujib residence to erase `symbol of dictatorship`  

   Business
Dollar price hiked to Tk119.4 for remittance
  Date : 08-02-2025

Banks have increased the price of US dollar up to Tk119.40 after getting central bank instruction to rate hikes to lure more remittance in the legal channel.

Over a dozen banks increased the US dollar exchange rate on Monday (July 29) for remittance, while the flow of expatriate remittances saw a downfall since the last week of this month.

Bank officials said that internet service closure and the recent students` quota reform demonstration impacted inward remittance flow.


To boost the flow of remittances, the Bangladesh Bank gave verbal instructions to banks on Sunday to purchase remittance dollars even at higher rates. As a result, the remittance dollar rate surged by 60-70 basis points in a span of a day on Monday.



Read : 257
  
  সর্বশেষ
Alaska lawmakers push back on Trump`s mountain name change
Airbus and Boeing eye India`s `soaring skies`
Syrians stuck in camps after finding homes destroyed
US approves sale of $7.4 bn in bombs, missiles to Israel

Chief Advisor: Md. Tajul Islam,
Editor & Publisher Fatima Islam Tania and Printed from Bismillah Printing Press,
219, Fakirapul, Dhaka-1000.
Editorial Office: 219, Fakirapul (1st Floor), Dhaka-1000.
Phone: 02-41070996, Mobile: 01720090514, E-mail: [email protected]