Bangladesh
Bangladesh names former BB chief as caretaker head
Bangladesh's President Iajuddin Ahmed on Friday 12 January named former central bank governor Fakhruddin Ahmed to succeed him as the chief of an interim administration charged with holding elections, officials said.
Bangladesh Bank's failure to handle problem-banks
According to this opinion piece from The New Nation, published Friday 6 October, investigation will lead to the conclusion that to a large extent Bangladesh Bank is responsible for the bankruptcy of the Oriental Bank Ltd.
Bangladesh Bank acts on corruption
Bangladesh's central bank has taken action against seven of its officials for allegedly siphoning off money and defaulting on loan repayments.
Bangladesh Bank's reform agenda: Challenges ahead
According to this article published Wednesday 9 August by The Financial Express, although Bangladesh is an economy with great potential, it is beset with challenges.
ACU calls for new members
The Asian Clearing Union (ACU) concluded its two-day technical committee meeting Wednesday 19 July calling for the admission of countries beyond the ESCAP Asia/Pacific region.
ACU to discuss payment systems efficiency
Members of the Asian Clearing Union (ACU) will meet in Dhaka this week to discuss ways to make their payment systems easier to use to boost trade, a Bangladesh central bank official told Reuters.
Bangladesh Bank - Annual Report 2004-2005
According to the Bangladesh Bank's Annual Report 2004-2005, during FY05 the Bangladesh economy was confronted with some serious challenges.
Bangladesh Bank can do more on financial stability
The Bangladesh Bank should play its role as a facilitator to all the scheduled banks to overcome any sort of problem they are facing, this opinion piece published Tuesday 9 May says.
Bangladesh, Vietnam to sign cb agreement
Dhaka and Hanoi are expected to sign an agreement on cooperation between their central banks during the first meeting of the Bangladesh-Vietnam Joint Economic Commission, scheduled for 6-7 February in Hanoi.
Bangladesh Bank - Annual Report 2003-2004
The Bangladesh Bank has published its Annual Report for the year ended 2003-2004. The Bangladesh economy maintained the growth momentum in FY04 based partly on continuing improvement in macroeconomic performance, according to the report.
Bangladesh Bank gets new chief
The Bangladesh government has appointed Salehuddin Ahmed as the new governor of the country's Central Bank, the Zee News website reported on Friday 29 April.
BB to introduce automated cheque clearing system
The Bangladesh Bank (BB) is introducing an automated cheque clearing system in its clearing house to quicken the process and boost transactions in commercial banks.
Bangladesh Bank hires modernisation consultant
Bangladesh Bank will hire a consultant on a two-year contract under a central bank strengthening project, funded mostly by World Bank credit, Matamat reported quoting official sources.
Bangladesh Bank denies IMF advisor controls it
Bangladesh Bank (BB) this week brushed aside an allegation that the International Monetary Fund was dictating to it through an IMF official recently installed as advisor to the governor.
Bangladesh Bank circulates new notes
Bangladesh Bank will print 1,155 million new notes by June, 2004 to help people replace torn and soiled notes, The Daily Star reported. People have been crowding the BB's exchange counter for the last couple of days to replace torn and soiled notes with…
Crisis at Bangladesh Bank may be resolved
The recent problems at Bangladesh Bank may be resolved soon after reports that central leaders of the ruling Bangladesh National Party (BNP) are in favour of withdrawing the action taken against the BB officers and employees. The New Nation reported the…
Sacked union leaders return to BB premises
Union leaders returned to Bangladesh Bank for the first time in a week on Wednesday 5 November. Witnesses said the ruling BNP-backed former CBA leaders stayed at the CBA office at the main building of the bank for 15 minutes at midday, the Daily Star…
Bangladesh Bank appoints 3 directors
Three new governors have been appointed to the board of directors of Bangladesh Bank, the New Nation reported. The appointments have been made with "immediate effect" the report said.
Chaos as staff go on rampage in Bangladesh
Bangladesh Bank (BB) was in chaos last week after angry staff confronted Governor Fakhruddin Ahmed. The central bank chief was confined to his office for an hour, The Daily Star reported, before employees forcibly entered the governor's office to voice…
Forged notes found in Bangladesh cb vault
Counterfeit bank notes have been found in the vaults of The Bangladesh Bank, the country's central bank, according to a report by Reuters. Four bank employees have been suspended and a special inquiry was looking for other suspects, a spokesman said.
Bangladeshis complain of 'smelly' banknotes
The people of Bangladesh are becoming increasingly unhappy with their banknotes, according to a report by Reuters. Complaints that the paper money can "smell awfully bad" has seen fish-market customers refusing to take notes in their change, insisting…
Bangladesh to increase monitoring of forex market
The central bank of Bangladesh will increase the monitoring of its foreign exchange market and import and export activities from the beginning of the next tax year, the New Nation reports. This is in order to reduce money laundering and the misuse of…
South Asian ACU considers central clearing house
The Asian Clearing Union meeting in India has proposed the establishment of a central clearing house to facilitate faster risk-free clearing and settlement of transactions among member countries, according to the Daily Star.
Bangladesh currency, the taka, to float
From Saturday 31 May Bangladesh will float the taka freely on the foreign exchange markets, the BBC reported. The announcement on Thursday came after the government agreed to a proposal to float made by the International Monetary Fund (IMF).