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Cash Outside Banks Surges Past Tk380000 Crore Cash Outside Banks Surges Past Tk380,000 Crore

Cash Outside Banks Surges Past Tk380,000 Crore

Cash held outside Bangladesh’s banking system has risen to a record level of more than Tk380,000 crore, despite the rapid expansion of digital payment services and mobile financial transactions. The sharp increase is raising concerns among economists and banking professionals about public confidence in banks, inflationary pressures and the continued strength of the informal economy. […]
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Bangladesh Taka Rates Against Major Currencies on 8 August Bangladesh Taka Rates Against Major Currencies on 8 August

Bangladesh Taka Rates Against Major Currencies on 8 August

Foreign exchange rates remain closely watched in Bangladesh because of their direct relevance to remittances, international trade, overseas travel and cross-border financial transactions. With more than 10 million Bangladeshis living and working abroad, movements in major currencies can affect the value of money sent home by expatriate workers and the cost of foreign-currency payments. Businesses […]
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