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Taka Rebounds as Foreign Exchange Market Achieves Relative Stability Taka Rebounds as Foreign Exchange Market Achieves Relative Stability

Taka Rebounds as Foreign Exchange Market Achieves Relative Stability

As Bangladesh continues to expand its footprint in global trade, the fluctuation of foreign exchange rates remains a critical barometer for the national economy. From settling import payments and receiving remittance inflows to funding overseas medical care, education, and travel, daily transactions rely heavily on foreign currency values. Following a volatile period that saw the […]
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Merged Islamic Bank Repays 160m to Depositors on First Day Merged Islamic Bank Repays £160m to Depositors on First Day

Merged Islamic Bank Repays £160m to Depositors on First Day

In a significant step towards restoring public confidence, Sommilito Islamic Bank began disbursing funds to its depositors on Monday, paying out roughly 250 billion taka (around £160 million) to approximately 6,000 customers on the very first day. The payout comes as the newly restructured entity, formed by merging five troubled Sharia-compliant lenders, officially resumed standard […]
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