For import on deferred payment basis, the price must be internationally competitive and usance interest, if any, should not be higher than the LIBOR for the corresponding period or the rate prevailing in the cu
‘Foreign remittance’ means purchase and sale of freely convertible foreign currencies as admissible under Exchange Control Regulations of the country. That means transfer of find from one place to another place in foreign currency. Foreign remittances pay a significant role in contributing to the gro...
Due to the large remittance inflow, the foreign currency reserve is increasing. It was recorded at $9.56 billion. The foreign exchange reserve that was $5.82 billion in June rose to $7.74 billion in July. In August, the reserve crossed $9 billion. The WB projected Bangladesh will record rem...