Asian Clearing Union

Type: Organization
Name: Asian Clearing Union
First reported Jul 10 2014 - Updated Jul 10 2014 - 1 reports

BB bought $5.15b last year to prop up exchange rate

Bangladesh Bank bought $5.15 billion from the foreign exchange market last fiscal year to shore up the country's exchange rate.If the exchange rate falls much, the exporters and remitters are acutely affected, which prompts the central bank to buy a huge ... [Published Bangladesh Daily Star - Jul 10 2014]
First reported Jul 10 2014 - Updated Jul 10 2014 - 1 reports

Forex reserves top $21bn, again

Bangladesh Bank Forex Reserve and TreasuryManagement Department General Manager Kazi Saidur Rahman said the reserves stoodat $21.12 billion on Thursday.According to the central bank, thereserves earlier exceeded $21 billion on June 16 but depleted following ... [Published Bdnews24.com - Jul 10 2014]
First reported Jul 03 2014 - Updated Jul 04 2014 - 1 reports

Remittance inflow drops

Expatriate Bangladeshis remitted $14.22 billion in 2013-14 FY while they sent $14.46 billion in the 2012-13 FY.During the 1975-76 FY, only $10 million was remitted, according to remittance data of the central bank.Since then the remittance kept incre ... [Published Bdnews24.com - Jul 03 2014]

Quotes

"We are in close consultation with India, with China, with Russia, with countries around the world, about strengthening their implementation of the international sanctions regime and about curtailing their dependence on Iranian crude oil" Victoria Nuland, State Department spokesperson, told reporters in Washington

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BB bought $5.15b last year to prop up exchange ... [Published Bangladesh Daily Star - Jul 10 2014]
Forex reserves top $21bn, again [Published Bdnews24.com - Jul 10 2014]
Remittance inflow drops [Published Bdnews24.com - Jul 03 2014]
US sanctions on Iran: India keeping all options... [Published Topnews.in - Jan 07 2012]
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