Banking & Commodity

Banks will remain open during the holidays declared by the government from March 26 to April 4 to facilitate the financial transaction for their clients.

Bangladesh Bank (BB) has decided to buy treasury bills and bonds from banks and non-bank financial institutions (NBFIs) to prevent any unwanted liquidity obstruction due to coronavirus outbreak.

Rice, pulses, onion and other essentials’ prices remain high The prices of rice and other essential items such as pulses, onion, garlic, potato and egg have maintained their upward trend as people continue to buy beyond their needs in fear of bad days due to coronavirus pandemic.

FBCCI President Sheikh Fazle Fahim today said they welcomed the measures taken by Bangladesh Bank (BB) to help counter impact of coronavirus on businesses by relaxing banking rules for entrepreneurs.

Businesses other than drugs and essentials are bearing the brunt of panic over the pandemic.

The prices of rice, pulse, onions, garlic, potatoes and eggs went up in the city kitchen markets over the week ending Friday.

Prime Minister Sheikh Hasina on Tuesday inaugurated a regular currency note of Tk 200 denomination alongside commemorative gold and silver coins on the occasion of birth century of Father of the Nation Bangabandhu Sheikh Mujibur Rahman.

The fund could be formed by banks’ own sources or through collecting liquidity from the central bank through repo of Treasury bills or bonds

The number of farmers’ bank accounts, opened with Tk 10 deposit, has exceeded one crore in nine years of the introduction of the facility by the Bangladesh Bank.

Prime Minister’s Private Industry and Investment Adviser Salman Fazlur Rahman on Wednesday hinted reducing the tax rate in the next national budget for 2020-2021 for expanding the trade and business across the country.