BB recommends using credit cards over cash abroad | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Thursday
July 24, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, JULY 24, 2025
BB recommends using credit cards over cash abroad

Economy

TBS Report
11 August, 2022, 06:00 pm
Last modified: 11 August, 2022, 06:16 pm

Related News

  • Governor Mansur orders withdrawal of BB dress code after directive draws criticism
  • Dollar gets upward push as BB buys $10m more in auction at even higher rate
  • 91-day treasury bills rate falls 1.13 percentage points to 10.45% in a week
  • Liquidation of troubled NBFIs may cost govt Tk12,000cr in taxpayer money
  • Dollar rate falling fast – what it means for the economy

BB recommends using credit cards over cash abroad

TBS Report
11 August, 2022, 06:00 pm
Last modified: 11 August, 2022, 06:16 pm
BB recommends using credit cards over cash abroad

The Bangladesh Bank has recommended people to use credit cards instead of cash when travelling abroad in a move to save dollars.

Central bank spokesperson Serajul Islam said, "The number of expatriates leaving the country this year, is higher than those coming in, resulting in a decrease in dollar inflow. That is why the Bangladesh Bank encourages those who are going abroad for various purposes including medical, education and travel to use credit cards, instead of dollars in cash."

Bangladesh is currently facing a dollar crisis due to high imports against exports. The government has taken various measures to curb imports.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Letter of credit (LC) settlements fell by $1.17 billion in the past month, as the government tried to ease pressure on foreign exchange reserves amid imports outpacing exports.

According to the report, LC settlement was $6.58 billion in July, down from $7.53 billion in the previous month of June. The LC settlements fell by 9.23% during the one-month period.

Besides, banks opened LCs worth $5.55 billion in July, a decrease from the $7.96 billion registered in June. As a result, the LC opening decreased by 30.20% in July.

The spokesperson said, "In FY22, the central bank sold $7.7 billion to banks. The country's reserve dropped to $39.5 billion on Wednesday because of continuous dollar sales to meet import bills. Since July this fiscal year, dollar sales from the reserve have stood at $1.49 billion."

Top News

Bangladesh Bank (BB) / Dollar / credit cards

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • A crane removes debris from the BAF fighter jet that crashed into Milestone School and College on Monday, 21 July 2025. Photo: Olid Ibna Shah
    Milestone tragedy: 15-year-old succumbs to 85% burn injuries; death toll at 30
  • An An-24 aircraft of Angara Airlines takes off from the airport of Irkutsk, Russia, in this picture taken in April 2014. Photo: Reuters/File
    Plane with 50 aboard crashes in Russia's far east, no survivors
  • Pay Commission formed to revise salary structure of employees under National Pay Scale
    Pay Commission formed to revise salary structure of employees under National Pay Scale

MOST VIEWED

  • Photo: Collected
    Bangladeshi man jailed for life in UK for murdering wife in front of their baby
  • Ctg port authority halts contractor recruitment for Kamalapur ICD operations for two months
    Ctg port authority halts contractor recruitment for Kamalapur ICD operations for two months
  • Fire at Cosmo School in Mirpur on 23 July 2025. Photo: TBS
    Fire breaks out at Cosmo School in Mirpur following generator explosion
  • Representational image. File Photo: Rajib Dhar/TBS
    Debate arises as edu adviser says postponed HSC exams of 22 and 24 July will be held on same day
  • BB issues dress code for all, discourages short-sleeved or length dresses, leggings for female staff
    BB issues dress code for all, discourages short-sleeved or length dresses, leggings for female staff
  • Infographics: TBS
    Stay orders won’t shield defaulters: BB governor 

Related News

  • Governor Mansur orders withdrawal of BB dress code after directive draws criticism
  • Dollar gets upward push as BB buys $10m more in auction at even higher rate
  • 91-day treasury bills rate falls 1.13 percentage points to 10.45% in a week
  • Liquidation of troubled NBFIs may cost govt Tk12,000cr in taxpayer money
  • Dollar rate falling fast – what it means for the economy

Features

Photo: Collected

24 July: More than 1400 arrested, 3 missing coordinators found

14h | Panorama
Photo: Mehedi Hasan/TBS

Aggrieved nation left with questions as citizens rally to help at burn institute

1d | Panorama
Photo: Mehedi Hasan/TBS

Mourning turns into outrage as Milestone students seek truth and justice

1d | Panorama
Illustration: TBS

Uttara, Jatrabari, Savar and more: The killing fields that ran red with July martyrs’ blood

2d | Panorama

More Videos from TBS

Turkey has a dangerous hypersonic missile in its arsenal

Turkey has a dangerous hypersonic missile in its arsenal

15m | TBS World
Bangladesh Bank withdraws dress code guidelines

Bangladesh Bank withdraws dress code guidelines

1h | TBS Today
Thai-Cambodian troops clash over disputed border

Thai-Cambodian troops clash over disputed border

2h | TBS World
Former chief justice Khairul Haque detained

Former chief justice Khairul Haque detained

3h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net