Volume 07/2020 July 2020

Major Economic Indicators: Monthly

Update

Monetary Policy Department

BANGLADESH BANK
 Monetary Policy Department
Major Economic Indicators: Monthly Update (July, 2020)
Contents Page No.
Executive summary 1-2
1. Monetary and credit developments 3
2. Reserve money developments 4
3. CPI and inflation 5
4. Liquidity position of the scheduled banks 6
5. Financial sector prices
a) Weighted average yields on bills and bonds 7
b) Interest rate spread 8
6. Capital market developments 9
7. Agricultural credit and non-farm rural credit 10
8. Industrial and CMSME loans
a) Industrial term loans 11
b) Outstanding of CMSME loans 11
9. Industrial production
a)Quantum index of medium and large-scale manufacturing industry 12
b)Quantum index of small scale manufacturing industry 12
10. Exports
a) Annual exports 13
b) Monthly exports 13
c) Category-wise breakdown of exports 14
11. Imports
a) Custom based import, import LCs settlement and LCs opening 15
b) Sector-wise fresh opening, settlement and outstanding of import LCs 16
c) Projected data on opening of import LCs & probable liabilities against back to back LCs
of authorized dealer banks 16

12. Workers’ remittances 17

13. Foreign exchange reserves of Bangladesh Bank and total balances held by commercial banks 17
14. Foreign aid 18
15. Exchange rate movements 19
16. Balance of payments 20
17. Public finance
a) Government tax revenue collections 21
b) Sale and repayment of National Savings Certificates (NSC) 22
c) Government budget financing 23
18. Food situations 23
Appendix 24 -25

Comments and suggestions may be sent to:

nur.begum@bb.org.bd
sadia.sultana@bb.org.bd
nabila.fahria@bb.org.bd
hossain.saddam@bb.org.bd
 Monetary Policy Department
Major Economic Indicators: Monthly Update (July, 2020)
Executive Summary
1. Movement of monetary indicators

Broad money(M2) Broad money (M2) increased by 12.64 percent (y-o-y) in June 2020 which was higher than
growth was higher
while private sector
9.88 percent growth of the same month of the previous year. Net domestic assets and net
credit growth was foreign assets increased by 13.20 percent and 10.67 percent respectively in June 2020.
lower, in June 2020
than that of the Private sector credit growth was recorded at 8.61 percent in June 2020 which was lower than
same month of the
11.32 percent of the same month of the previous year.
preceding year

2. Inflation scenario

Twelve month Twelve-month average general inflation increased to 5.65 percent in June 2020 and
average general
inflation and point to point-to-point general inflation increased to 6.02 percent in June 2020 from those of 5.61
point general
inflation increased in
percent and 5.35 percent in May 2020.
June 2020

3. State of the financial sector

Weighted average The spread between the weighted average interest rate on advances and deposits of all
interest rate spread banks decreased to 2.89 percent while for NBFIs it increased to 3.21 percent at the end of
of banks continued to
decrease at the end June, 2020 from 2.94 percent and 3.14 percent respectively in May, 2020. The weighted
of June 2020,
average call money rate in the inter-bank money market was 5.01 percent in June, 2020
which decreased to 4.23 percent in July, 2020.

4. External sector performance

Export growth Total merchandise commodity export in July, FY21 increased by USD 0.02 billion or
increased in July, 0.59 percent to USD 3.91 billion compared to USD 3.89 billion in July, FY20.
FY21

Custom based import during FY20 fell by USD 5.13 billion or 8.56 percent and stood at
Import growth
USD 54.78 billion against USD 59.91 billion of FY19.
continued to decrease
during FY20
Fresh opening of import LCs during FY20 decreased by 11.52 percent and stood at USD
51.10 billion compared to USD 57.75 billion of FY19.

1
 External sector performance (contd.)
Workers’
remittances inflow Total Receipts of workers’ remittances in July, FY21 increased by USD 1.00 billion or
significantly 62.71 percent and stood at USD 2.60 billion against USD 1.60 billion of July, FY20.
increased in July,
FY21
Current account Current account balance recorded a smaller deficit of USD 4.85 billion in FY20 as
deficit decreased compared to a deficit of USD 5.10 billion of FY19. Current account balance deficit reduced
during FY20
mainly due to higher inflow of workers’ remittances.

Net foreign aid Total foreign aid receipts was USD 7.27 billion during FY20 which increased by USD 1.06
inflow increased billion or 17.09 percent compared to USD 6.21 billion of FY19. After principal repayment of
during FY20
USD 1.26 billion, the net receipts of foreign aid stood at USD 6.02 billion during FY20
,

which was USD 5.01 billion during FY19.

Forex reserves
reached above The gross foreign exchange reserves of BB stood at USD 37.29 billion as of end July
USD 37 billion 2020, which was USD 36.04 billion as of end June 2020. As per latest available data the
gross foreign exchange reserves of BB stood at USD 37.54 billion as of August 09, 2020.

5. Developments in the fiscal sector

NBR tax revenue
collection during
FY20 was 72.68 NBR Tax Revenue collection during FY20 stood at Taka 218406.05 crore which was lower
percent of the
by Taka 5486.37 crore or 2.45 percent against the collection of Taka 223892.42 crore during
revised target.
FY19.

6. Credit disbursement and industrial production

The disbursement of The disbursement of agricultural and non-farm rural credit decreased by 2.27 percent
industrial term loans,
outstanding CMSME
and 8.43 percent respectively during FY20 compared to that of FY19.
loans and the general
Outstanding CMSME loans of the banks and non-bank financial institutions at the end of
index of industrial
production have March, 2020 have increased by 10.75 percent compared to March, 2019.
increased while that
of agricultural credit Disbursement of industrial term loans increased by 4.58 percent while recovery of
and non-farm rural
industrial term loans decreased by 11.08 percent respectively and stood at Taka 15947.74
credit decreased
during the period crore and Taka 16602.21 crore respectively during the third quarter of FY20 as compared to
under review. the corresponding period of the previous fiscal year.

The general index of industrial production (medium & large scale manufacturing) stood
at 414.93 during July-March, FY20 and recorded 5.95 percent increase from the index of
391.64 during July-March, FY19.

Note: The information furnished in the executive summary and the subsequent pages are provisional and subject to revision.
1. Monetary and credit developments
(Taka in Crore)
Outstanding stock Changes in outstanding stock
June, 2019 June, 2020
R R P over over
Particulars June, 2018 June, 2019 June, 2020
June, 2018 June, 2019
1 2 3 4 5 6

A. Net Foreign Assets of the 264674.40 272399.50 301470.20 7725.10 29070.70

banking system (+2.92) (+10.67)

B. Net Domestic Assets of the 845306.70 947212.00 1072264.90 101905.30 125052.90

banking system (+12.06) (+13.20)

a) Domestic credit 1021626.70 1146884.70 1302634.70 125258.00 155750.00

(+12.26) (+13.58)
Public sector 114095.10 136629.00 205363.70 22533.90 68734.70
(+19.75) (+50.31)
Government (net) 94895.00 113273.40 176148.60 18378.40 62875.20
(+19.37) (+55.51)
Other Public 19200.10 23355.60 29215.10 4155.50 5859.50
(+21.64) (+25.09)
Private sector 907531.60 1010255.70 1097271.00 102724.10 87015.30
(+11.32) (+8.61)
b) Other items (net) C. -176320.00 -199672.70 -230369.80 -23352.70 -30697.10

Broad money (A+B) 1109981.10 1219611.50 1373735.10 109630.40 154123.60

(+9.88) (+12.64)

i) Currency outside banks ii) 140917.50 154287.00 192114.50 13369.50 37827.50

(+9.49) (+24.52)
Deposits 969063.60 1065324.50 1181620.60 96260.90 116296.10
(+9.93) (+10.92)
113976.30 119006.40 136149.40 5030.10 17143.00
a) Demand deposits
(+4.41) (+14.41)
855087.30 946318.10 1045471.20 91230.80 99153.10
b) Time deposits
(+10.67) (+10.48)
Source: Statistics Department, BB.
Note:- Figures in brackets indicate percentage changes. P = provisional, R = Revised.

Broad money Domestic credit

Broad money (M2) recorded an increase of Taka The domestic credit recorded an increase of Taka
154123.60 crore or 12.64 percent at the end of June 2020 155750.00 crore or 13.58 percent at the end of June 2020
against the increase of Taka 109630.40 crore or 9.88 against the increase of Taka 125258.00 or 12.26 percent
percent at the end of June 2019. Of the sources of broad at the end of June 2019. Credit to the private sector and
money, net domestic assets (NDA) increased by Taka public sector recorded a growth of 8.61 percent and
125052.90 crore or 13.20 percent and net foreign assets 50.31 percent respectively in June 2020 as compared to
(NFA) increased by Taka 29070.70 crore or 10.67 the same month of the previous year.
percent at the end of June 2020 as compared to the same
month of the previous year.
Trends of broad money growth Trends of domestic credit growth
(year-on-year) (year-on-year)
15.0 17.0
FY20 FY19 FY20 FY19
14.0 16.0

13.0 (+12.64)
15.0
Percent

Percent

12.0
14.0
(+13.58)
11.0
13.0
10.0
(+9.88)
9.0 12.0 (+12.26)

8.0 11.0
Feb.

Apr.
Dec.

May
Jan.

Mar.
Nov.
Jul.

Sep.
Aug.

Nov.
Oct.

Jul.

Sep.
Aug.
Jun.

Oct.

Jan.

May
Dec.

Feb.

Mar.

Apr.

Jun.
 Monetary Policy Department
Major Economic Indicators: Monthly Update (July, 2020)
2. Reserve money developments
(Taka in crore)
O C
n
J J
Pa J J J
e n n 201202
20120 20

Net 2535 36853297

Forei 09 195 174
gn ( (
Asset
s of
Bangl 87595316
adesh 197611005691
Bank 6 7 ( (

Net 22573118371186165925
Dome
stic 236723802551 171
Asset
( (
s of
Bangl
adesh 558253861376 8375
Bank
* (
5
502855885912
C
9 9 0 56003230
l
2337
a
43 187 483 12443829
i
m ( (
s 1549
40 387 094 15443770
Source: Statistics
Department, BB.
Note:- Figures in
brackets indicate
percentage changes. P =
provisional, R = Revised.
*Note :- The change in
Net Domestic Assets
(NDA) is calculated with
the formula :
Percent

R
e
s
e 28.
r 0
v
24.
e 0

M
o 16.
n 0
e
12.
y 0

Res 8.
0
erv
e
mo 0.
Nov.
Aug.

Oct.
Sep.

0
Jul.

ney
rec
ord
ed
an
inc
 Monetary Policy Department
Major Economic Indicators: Monthly Update (July, 2020)

T
r
e
n
d
s

o
f

r
e
s
e
r
v
e

m
o
n
e
y

g
r
o
w
t
h
(
y
e
a
r
-
o
n
-
y
e
a
r
)

FY20
FY19

(+15.56)

(+5.32)
Jan.

May
Dec.

Feb.

Mar.

Apr.

Jun.
3. CPI and Inflation
Consumer price index (CPI) and rate of inflation at national level (Base : FY2005-06=100)
Twel ve-Month Average Basi s Poi nt to Poi nt Basi s
FY General Food Non-food General Food Non-food
Index Inflation Index Inflation Index Inflation Index Inflation Index Inflation Index Inflation
2015-16 219.86 5.92 234.77 4.90 200.74 7.47 220.74 5.53 232.87 4.23 205.19 7.50
2016-17 231.82 5.44 248.90 6.02 209.92 4.57 233.86 5.94 250.35 7.51 212.72 3.67
2017-18 245.22 5.78 266.64 7.13 217.76 3.74 246.82 5.54 265.33 5.98 223.09 4.87
FY19
July 246.31 5.78 267.95 7.06 218.57 3.82 249.65 5.51 269.91 6.18 223.66 4.49
August 247.41 5.74 269.24 6.95 219.41 3.90 253.07 5.48 275.09 5.97 224.84 4.73
September 248.51 5.68 270.45 6.74 220.39 4.07 257.62 5.43 281.86 5.42 226.54 5.45
October 249.62 5.63 271.59 6.52 221.45 4.26 259.13 5.40 283.44 5.08 227.96 5.90
November 250.71 5.58 272.77 6.37 222.44 4.38 258.00 5.37 281.24 5.29 228.21 5.49
December 251.81 5.54 273.94 6.21 223.42 4.51 258.13 5.35 281.17 5.28 228.60 5.45
January 252.93 5.51 275.15 6.02 224.44 4.71 261.58 5.42 285.50 5.33 230.91 5.57
February 254.06 5.49 276.37 5.87 225.44 4.89 261.36 5.47 284.96 5.44 231.10 5.51
March 255.21 5.48 277.66 5.76 226.41 5.03 262.45 5.55 286.78 5.72 231.25 5.29
April 256.36 5.47 278.92 5.64 227.44 5.21 262.73 5.58 286.46 5.54 232.31 5.64
May 257.51 5.48 280.13 5.55 228.52 5.36 259.63 5.63 279.83 5.49 233.72 5.84
June 258.65 5.47 281.32 5.51 229.58 5.42 260.44 5.52 279.65 5.40 235.82 5.71
FY20
July 259.82 5.48 282.54 5.45 230.68 5.54 263.69 5.62 284.54 5.42 236.95 5.94
August 260.98 5.48 283.75 5.39 231.78 5.63 266.96 5.49 289.60 5.27 237.93 5.82
September 262.17 5.49 285.00 5.38 232.89 5.67 271.90 5.54 296.81 5.30 239.96 5.92
October 263.35 5.50 286.29 5.42 233.93 5.64 273.30 5.47 298.99 5.49 240.38 5.45
November 264.65 5.56 287.80 5.51 234.97 5.63 273.60 6.05 299.26 6.41 240.70 5.47
December 265.88 5.59 289.17 5.56 236.03 5.64 272.97 5.75 297.69 5.88 241.28 5.55
January 267.10 5.60 290.39 5.54 237.24 5.70 276.16 5.57 300.11 5.12 245.46 6.30
February 268.29 5.60 291.57 5.50 238.44 5.77 275.63 5.46 299.13 4.97 245.49 6.23
March 269.49 5.60 292.73 5.43 239.68 5.86 276.83 5.48 300.74 4.87 246.17 6.45
April 270.79 5.63 294.15 5.46 240.85 5.90 278.39 5.96 303.39 5.91 246.34 6.04
May 271.95 5.61 295.33 5.43 241.97 5.89 273.53 5.35 294.08 5.09 247.17 5.75
June 273.26 5.65 296.86 5.52 243.00 5.85 276.12 6.02 297.95 6.54 248.13 5.22
Source: Bangladesh Bureau of Statistics, Ministry of Planning.

The twelve month average general inflation increased to Trends of CPI Inflation
5.65 percent in June, 2020 which was 0.15 percentage (Base:FY2005-06=100)
6.4
point higher than the target of 5.50 percent for FY20. 12 month average Point to point
6.3
6.1
The point to point Food inflation increased to 6.54 from
Percent

6.0 6.02
5.09 percent in May 2020, while non food inflation
decreased to 5.22 percent in June, 2020 from 5.75 percent 5.8
5.65
in May, 2020. As a result, Point to point general inflation 5.7
increased significantly to 6.02 percent in June, 2020 which 5.5
was 5.35 percent in May, 2020. 5.4
5.2
Jun. 19

4. Liquidity position of the scheduled

banks (Taka in crore)
As of end P
As of end June, 2020
June, 2019
Balances with Minimum
Bank Group Cash in tills +
Total Liquid Bangladesh Bank Unencumbered Total Liquid Required
balances with
Assets Foreign approved securities Assets Liquid
Sonali Bank Ltd. Local Currency
1/
2/
Currency Assets
1 2(a) 3 4a 4b 5 6=(3+4a+4b+5) 7

* Excess Reserve
CRR (un-invested cash)

State-owned Banks 92398.99 2605.47 12379.76 8958.43 2595.75 80411.60 106951.01 52195.33
 Specialised Banks 1577.59 n/a 1266.36 n/a 32.28 n/a 1298.64 1266.36

Private Banks (Other

125294.31 10867.64 24792.06 4248.58 6284.60 113877.60 160070.48 104395.11
than Islamic)
Islamic Banks 30241.35 3541.54 10560.37 6633.43 1339.52 12232.79 34307.64 25080.87

Foreign Banks 22293.75 677.34 3154.62 4006.24 5511.05 19820.52 33169.78 13301.81

Total 271806.00 17691.99 52153.17 23846.69 15763.20 226342.52 335797.57 196239.49

(as % of total liquid assets) (+5.27) (+15.53) (+7.10) (+4.69) (+67.40)

Source : Department of Offsite Supervision, BB.
Comment: The data shown on the above table are based on the regulatory purpose of Bangladesh Bank.
Note :- Figures in brackets indicate sectoral share in the total liquid assets. P=provisional, R= Revised.
*CRR is calculated @ 4.0% from April 15, 2020.
1/ Balances with Bangladesh Bank in local currency = CRR + Excess Reserve.
2/ Minimum required liquid assets is the sum of CRR and
SLR. n/a = Data not required for supervision purpose.

Total liquid assets of the scheduled banks stood at Sectoral distribution of total liquid
Taka assets
335797.57 crore as of end June, 2020 which was (as of end June, 2020)
Taka Unencumbere
d approved
271806.00 crore at the end of June, 2019. The Foreign securities,
Currency 67.40%
minimum required liquid assets of the scheduled banks
was Taka
196239.49 crore as of end June, 2020.
Balances with
BB 4.69%
Sectoral distribution of total liquid assets as of end
June,
2020 in the form of cash in tills & balances with Excess Reserve,
7.10%
Sonali Bank Ltd., CRR, excess reserves, foreign currency Cash in
balances with Bangladesh Bank and unencumbered CRR, tills+balance
15.53% s with SBL,
approved securities were 5.27 percent, 15.53 percent, 5.27%
7.10 percent,
4.69 percent and 67.40 percent
respectively.
5. Financial sector prices:
a) Weighted average yields on bills and bonds:
Treasury Bills BGTB BB Bill Call
Reverse
Repo* Money
Repo
91-Day 182-Day 3 64-Day 2-Year 5-Year 10-Year 15-Year 20-Year 07-Day 14-Day Rate
FY20

July August 6.68 7.18 7.28 7.82 8.31 8.83 9.18 9.43 --- --- 6.00 4.75 3.46
September 7.70 7.89 8.00 8.23 8.71 9.25 9.44 9.73 --- --- 6.00 4.75 4.69
October 7.78 8.36 8.55 8.57 9.13 9.26 9.50 9.74 --- --- 6.00 4.75 5.04
November 6.61 7.61 7.66 8.56 8.78 8.93 9.21 9.45 --- --- 6.00 4.75 4.64
December 5.82 6.96 7.51 8.02 8.84 9.15 9.16 9.26 --- --- 6.00 4.75 4.12
January 7.01 7.61 8.04 8.16 8.93 9.20 9.30 9.40 --- --- 6.00 4.75 4.50
February 7.12 7.79 7.99 8.22 8.80 9.10 9.03 --- --- --- 6.00 4.75 4.84
March April 6.56 7.26 7.44 7.90 8.22 8.78 8.82 8.99 --- --- 6.00 4.75 5.06
May 7.09 7.47 7.51 7.79 8.05 8.47 8.69 8.99 --- --- 5.75 4.75 5.14
June --- --- --- 7.48 8.03 --- --- --- --- --- 5.25 4.75 4.89
6.94 7.27 7.44 --- --- 8.66 8.88 9.04 --- --- 5.25 4.75 4.97
6.83 6.91 7.35 7.75 8.05 8.62 8.69 8.90 --- --- 5.25 4.75 5.01
FY21
July 4.55 5.54 5.55 6.39 6.93 7.87 7.96 8.13 --- --- 4.75 4.00 4.23
Source: Monetary Policy Department and Debt Management Department, Bangladesh Bank . ---- = there was no auction.
* The Repo and Revers e Repo rates are re-fixed at 4.75% and 4.00% with effect from 30.07.2020.

The weighted average yields on 91-Day, 182-Day and 364-Day treasury bills decreased to 4.55 percent, 5.54
percent and 5.55 percent respectively in July, 2020 from 6.83 percent, 6.91 percent and 7.35 percent
respectively in June, 2020.
The weighted average yields on 2-Year BGTB, 5-Year BGTB, 10-Year BGTB, 15-Year BGTB and 20-Year
BGTB decreased to 6.39 percent, 6.93 percent, 7.87 percent, 7.96 percent and 8.13 percent in July, 2020
from their respective preceding bids.
The weighted average call money rate in the inter-bank money market decreased to 4.23 percent in July,
2020 from 5.01 percent in June, 2020, progressing along the corridor between repo and reverse repo rate.

Repo, Reverse Repo & Call Money Yield on Treasury Bills

Rate 10.0
Repo* Reverse Repo Call Money Rate 91-Day 182-Day 364-Day
9.0
7.5
W. average rate in percent

W.ave. yield in percent

6.8 8.0

6.0 7.0

5.3 6.0

4.5 5.0

3.8 4.0

3.0 3.0
Jan.20
Sep.19

Feb.20
Oct. 19

Nov. 19

Jan.20
Sep.19

Jun. 20
Mar.20
Oct. 19

Feb.20

May 20
Apr.20
Nov. 19
Dec. 19

Mar.20

Jun. 20

Dec. 19
Apr.20

Jul. 20
May 20

Jul. 20
b) Interest rate spread
(Percent)
Sector-wise break down of interest rate spread of all scheduled banks
All other sectors Non-Bank FIs
All Banks SME Agriculture Large Industries Services
(excluding SME)

Interest Interest Interest Interest Interest Interest Interest

Interest rate Interest rate
rate on Spread rate on Spread rate on Spread rate on Spread rate on Spread rate on Spread rate on Spread
on deposits on deposits
advances advances advances advances advances advances advances

FY19
July 5.40 9.71 4.31 10.33 4.93 9.55 4.15 8.93 3.53 9.46 4.06 9.92 4.52 10.09 12.85 2.76

August 5.36 9.63 4.27 10.20 4.84 9.48 4.12 8.90 3.54 9.39 4.03 9.88 4.52 9.98 12.86 2.88

September 5.27 9.54 4.27 9.55 4.28 9.54 4.27 8.88 3.61 9.65 4.38 9.85 4.58 9.88 12.79 2.91

October 5.25 9.47 4.22 10.01 4.76 9.34 4.09 8.50 3.25 9.31 4.06 9.86 4.61 9.89 12.68 2.79

November 5.30 9.50 4.20 10.04 4.74 9.37 4.07 8.46 3.16 9.34 4.04 9.88 4.58 9.90 12.68 2.78

December 5.26 9.49 4.23 10.08 4.82 9.34 4.08 8.12 2.86 9.37 4.11 9.89 4.63 9.95 12.65 2.70

January 5.34 9.49 4.15 10.03 4.69 9.36 4.02 8.09 2.75 9.35 4.01 9.81 4.47 10.06 12.56 2.50
February 5.34 9.49 4.15 10.03 4.69 9.35 4.01 8.18 2.84 9.38 4.04 9.80 4.46 10.14 12.55 2.41
March 5.35 9.50 4.15 9.95 4.60 9.39 4.04 8.14 2.79 9.46 4.11 9.94 4.59 10.24 12.56 2.32
April 5.42 9.46 4.04 9.93 4.51 9.35 3.93 8.16 2.74 9.31 3.89 10.06 4.64 10.40 12.71 2.31
May 5.46 9.51 4.05 9.92 4.46 9.41 3.95 8.17 2.71 9.39 3.93 10.05 4.59 10.54 12.81 2.27
June 5.43 9.58 4.15 9.96 4.53 9.48 4.05 8.18 2.75 9.52 4.09 10.13 4.70 10.56 13.00 2.44

FY20
July 5.56 9.59 4.03 9.99 4.43 9.49 3.93 8.17 2.61 9.52 3.96 10.01 4.45 10.65 12.99 2.34

August 5.60 9.60 4.00 9.98 4.38 9.51 3.91 8.19 2.59 9.52 3.92 10.06 4.46 10.62 12.96 2.34

September 5.65 9.56 3.91 9.95 4.30 9.47 3.82 8.20 2.55 9.47 3.82 10.01 4.36 10.63 13.28 2.65

October 5.66 9.58 3.92 10.01 4.35 9.48 3.82 8.16 2.50 9.44 3.78 10.06 4.40 10.60 12.98 2.38

November 5.71 9.63 3.92 9.99 4.28 9.54 3.83 8.17 2.46 9.57 3.86 10.10 4.39 10.57 12.97 2.40
December 5.70 9.68 3.98 10.00 4.30 9.60 3.90 8.25 2.55 9.57 3.87 10.28 4.58 10.55 13.01 2.46

January 5.69 9.66 3.97 9.97 4.28 9.58 3.89 8.24 2.55 9.58 3.89 10.25 4.56 10.50 12.95 2.45

February 5.53 9.62 4.09 9.91 4.38 9.55 4.02 8.23 2.70 9.49 3.96 10.21 4.68 10.42 12.98 2.56

March 5.51 9.58 4.07 9.84 4.33 9.52 4.01 8.23 2.72 9.40 3.89 10.21 4.70 10.24 13.06 2.82

April 5.37 8.29 2.92 8.13 2.76 8.33 2.96 8.20 2.83 8.09 2.72 8.31 2.94 10.04 13.02 2.98

May 5.24 8.18 2.94 7.99 2.75 8.22 2.98 8.26 3.02 7.99 2.75 8.31 3.07 9.90 13.04 3.14

June 5.06 7.95 2.89 7.77 2.71 8.00 2.94 8.20 3.14 7.81 2.75 8.15 3.09 9.72 12.93 3.21

Source: Statistics Department, Bangladesh Bank .

The spread between the weighted average interest rate on advances and deposits of all banks decreased to 2.89
percent and that of NBFIs marginally increased to 3.21 percent at the end of June, 2020 as compared to May,
2020. Weighted average interest rate on deposits of all banks and NBFIs also decreased to 5.06 percent and 9.72
percent respectively at the end of June, 2020 as compared to May, 2020.

Trends of interest rate spread of Banks and NBFIs Trends of sector-wise breakdown of interest rate spread
5.20 5.50
Banks NBFIs SME Service La rge Industry Agriculture
4.80 5.00
4.40 4.50
W. Ave. rate in percent

W. Ave. rate in percent

4.00
4.00
3.60
3.50
3.20
3.00
2.80
2.50
2.40
2.00 2.00
Jun.20
Apr.20
Feb.20

Jun.19
Mar.20

Jul.19

Aug.19
May.20

Nov.19

Dec.19

Jan.20
Sep.19

Oct.19
Jun.19

Jul.19

Oct.19

Nov.19

Jan.20
Aug.19

Sep.19

Dec.19

Jun.20
Feb.20

Apr.20

May.20
Mar.20
 Monetary Policy Department
Major Economic Indicators: Monthly Update (July, 2020)
6. Capital market developments:
Annual capi tal market devel opments i n DSE
Enl i sted i ssues (Taka i n crore ) General Inde
(Incl . Mutual Issued Capi tal Market DSE
Cal ender Turnover duri ng the
Year Funds/Deb.) and Debentures Capi tal i sati on Year Broad Inde
2015 559 110608.10 315976.00 103139.86 4629.64
2016 560 114530.00 341244.10 119157.12 5036.05
2017 569 119416.20 422894.50 216959.71 6244.52
2018 578 124293.70 387295.30 133363.82 5385.64

Monthl y capi tal market devel opments i n DSE

End Month Enl i sted i ssues (Taka in crore) DSE Broad In
(Incl . Mutual Issued Capi tal and Market Turnover duri ng the (DSEX)
Funds/Deb.) Debentures Capi tal i sati on month
January'19 579 124552.90 416360.40 22347.95 5385.64

February'19 580 124634.50 415073.80 13779.14 5711.83

March'19 581 124754.70 411965.30 9391.79 5491.91

April'19 582 125592.00 383984.70 6981.57 5272.39

May'19 584 126148.80 394164.20 7716.13 5377.75

June'19 584 126857.50 399816.40 7650.01 5421.62

July'19 585 127207.40 383477.70 8946.86 5138.79

August'19 586 127741.70 380845.70 7397.76 5095.78
September'19 586 127917.10 373854.20 8495.25 4947.64
October'19 586 127945.50 355938.10 7020.23 4682.90
November'19 586 128003.00 356703.80 7410.88 4731.44
December'19 587 129481.20 339551.10 6702.73 4452.93

January'20 589 129742.10 340892.90 8072.23 4469.66

February'20 589 129743.70 342983.20 12427.77 4480.23
March'20 589 129743.70 312235.40 6645.64 4008.29
April'20 --- ---- --- --- ---
May'20 --- --- 316176.20 143.29 4060.45
June'20 589 129981.40 311967.00 4780.13 3989.09
Source : Dhaka Stock Exchange.
Note: '----' = not available.
The DSE Broad Index (DSEX) at the end of June, 2020 Trends of market capitalisation and indices of
5000 DSE 7150
stood at 3989.09 which was 1.76 percent lower than the 4700 6800
Capitalisation (LHS)
index of 4060.45 at the end of May, 2020. The total 4400
DSEX (RHS)
6450
4100 6100
market capitalization of all shares and debentures of the 5750
In billion ta ka

3800
5400
listed securities at the end of June, 2020 also stood lower 3500
5050
3200
4700
at Taka 311967.00 crore, from Taka 316176.20 crore at 2900
4350
2600
the end of May, 2020. 4000
2300 3650
2000 3300
Jun. 19
 7. Agricultural credit and non-farm rural credit
a. Agricultural credit (Taka in crore) b. Non-farm rural credit (Taka in crore)
Disbursement Recovery Disbursement
Disbursement Recovery Disbursement Recovery
Recovery
Month Month
P P RR
FY20 FY20 FY19
FY19
July 769.23 July
987.09 207.92 900.73
366.09 250.39 1236.12
308.73
August 775.89 August
1193.39 217.12 738.83
138.37 200.41 921.04
299.24
September 1277.22 September
1292.41 307.29 1117.00
396.35 286.28 1388.23
354.60
October 1905.70 October
1885.64 594.46 1523.87
498.66 334.56 1623.11
425.33
November 1832.41 1594.26
November 417.89 1690.91
400.42 432.62 1470.68
452.32
December 2010.95 2190.94
December 484.72 2190.22
556.51 565.59 2271.04
642.80
January 1910.00 1679.26
January 393.47 1482.05
349.03 387.58 1567.01
345.25
February 1545.06 1387.16
February 442.84 1634.04
592.72 378.48 1327.87
688.12
March 1314.50 1111.71
March 515.19 1489.81
323.15 660.62 1339.18
353.58
April 419.63 424.89
April 77.00 1697.69
342.20 563.82 1503.86
412.16
May 926.16 460.31
May 205.95 1405.48
101.24 404.74 1387.56
337.30
June 3134.42 2381.74
June 1064.01 2364.09
591.70 916.44 2464.89
614.30
17821.16 16588.80 4927.87 18234.72
4656.44 5381.53 18500.60
5233.72
Jul y-June Jul y-June
(-2.27) (-10.33) (-8.43) (+12.23)
(-11.03) (+4.57) (+8.91)
(+15.89)
Source: Agricultural Credit Department.
Figures in brackets indicate percentage changes over the corresponding period of the preceding year. P = Provisional, R= Revised.

Programmed level for disbursement of agricultural credit and non-farm rural credit was Tk.24124.00 crore for FY20.
Note:- Agricultural credit includes credit to Crops, Irrigation Equipment, Agri Equipment, Live-Stock & Poultry Firm, Fisheries, Grain Storage & Marketing.

Disbursement of agricultural credit and non-farm rural credit decreased by 2.27 percent and 8.43 percent
respectively during FY20 compared to that of FY19. The banks disbursed a total of Taka 227.49 billion to both
the sectors during FY20. The recovery of agriculture credit and non-farm rural credit decreased by 10.33 percent
and 11.03 percent respectively, during FY20 as compared to FY19.
Agricultural credit disbursement Non-Farm Rural Credit Disbursement
3300 1200
FY20 FY19 FY20 FY19
3000
1000
2700
2400
In crore taka
In crore taka

800
2100
1800 600
1500
400
1200
900
200
600
Feb.

Apr.

300 0
Ja n.
Oct.

Nov.

Ma r.

Ma y
Jul.

Dec.

Jun.
Sep.

Sep.

Ja n.
Feb.

Ma r.
Aug.

Apr.

Jun.
Aug.

Nov.
Jul.

Oct.

Dec.

Ma y

Overdue and outstanding credit in agricultural

sector
(Agricultural credit and non-farm rural (Taka in crore)
credit)
P R
FY20 FY19
End Month Overdue as % Overdue as %
Overdue Outstanding Overdue Outstanding
of outstanding of outstanding
6060.23 45592.86 13.29 6691.64 42974.29 15.57
June
(-9.44) (+6.09) (-7.20) (+5.85)
Source: Agricultural Credit Department.
Note:- Figures in brackets indicate percentage changes over the corresponding period of the preceding year. P = Provisional, R = Revised.

The position of overdue agricultural credit and non-farm rural credit as percentage of total outstanding credit
improved, decreasing from 15.57 percent in June, 2019 to 13.29 percent in June, 2020.
percent and stood at Taka 15947.74 crore as compared to Taka 15249.10
8. Industrial and CMSME loans crore during January- March, FY19. Recovery of industrial term loans
a) Industrial term loans decreased by 11.08 percent and stood at Taka
16602.21 crore during January-March, FY20 against Taka 18670.22
The disbursement of total industrial term loans crore during the same period of the previous fiscal year.
during January-March, FY20 increased by 4.58
Outstanding amount of industrial term loans at the
end of March, 2020 stood at Taka 266715.34
crore. At the same time the overdue of industrial
term loans were 39404.64 crore, which were Industrial term loans (Taka in crore)

Yearly
14.77 Peri od
Di sbursement Recovery

LSI MSI SSCI Total LSI MSI SSCI Total

percent of the outstanding FY17 46282.46 9123.52 6749.09 62155.08 37861.57 8708.67 5524.32 52094.57

amount. FY18
End Period
52718.80 10083.68 7965.69
Overdue 70768.17 52993.79 9484.55
Outstandi7714.74
ng 70193.08
LSI MSI SSCI FY19 Total LSI MSI SSCI Total
March, 2019 27748.61
15528.89 7219.41
2048.61 4513.60
1533.72 39481.62
19111.22 159238.29
12553.33 26733.80
2084.94 17821.20
1739.86 203793.29
16378.13
July-September
March, 2020 26749.29
(+31.75) 9105.19
(-15.86) 3550.16
(-0.68) 39404.64
(+21.22) 212461.58
(+10.30) 34109.89
(-15.71) 20143.87
(+4.84) 266715.34
(+5.57)
Source: SME & Special Program m es Departm ent, Bangladesh
19272.07 2704.03 2280.03 24256.13 13635.89 2111.83 2144.04 17891.76
Bank. Note:- Figures in brackets indicate overdue as % of
October-December
outstanding. (+61.51) (-19.33) (-12.20) (+35.65) (-1.31) (-22.13) (+1.58) (-4.01)
LSI=Large Scale Industries, MSI=Medium Scale Industries, SSCI= Small Scale & Cottage Industries.
10871.43 1592.00 2785.67 15249.10 15119.23 1701.89 1849.10 18670.22

b) Outstanding of CMSME
January-March
(-16.16) (-14.93) (+30.07) (-10.19) (+22.36) (-20.13) (-9.03) (+13.02)
17889.61 2157.97 2186.05 22233.63 19667.10 1931.55 2030.06 23628.71
Outstanding of CMSME loans(-11.03)
loans (Tk in crore)
April-June
(+11.58) (+29.89) (+10.39) (+27.38) (-10.91) (+6.18) (+21.05)
Banks/NBFIs Types of State Owned FY20 Private Foreign Specialised Non-Bank
Total
Quarter Ending Loans 2233.22
17865.61 Banks 1871.17 Banks21970.00 Banks
16426.07 Banks
2152.83 Fin. Ins. 20785.67
2206.77
Outstanding of Cottage, Micro, Small and July-September
Total Loans (+9.01)
(+15.05) 167083.85 723034.22
(+22.00) (+14.96)36391.09
(+30.85) 24725.81
(+3.26) 55904.30
(+26.84) 1007139.27
(+26.91)

Medium Enterprise (CMSME) loans by the banks March, 2019

October-December
CMSME
18686.85 34992.74
3141.17 2379.22148968.99
24207.24 1969.44
17026.58 1714.23
2666.16 10072.79
2455.50 197718.19
22148.24
Loans (20.94)(+4.35) (20.60)
(-0.20) (5.41) (6.93) (18.02) (19.63)
and non- bank financial institutions increased (-3.04) (+16.17) (+24.87) (+26.25) (+14.53) (+23.79)
Total Loans
12941.58 170176.75
1423.15 745471.39
1583.01 15947.7437579.11
12751.61 26187.38
1916.11 54208.67
1934.49 1033623.30
16602.21
by Taka January-March
June, 2019 CMSME
(+19.04)Loans(-10.61)
37471.46(-43.17)156545.38
(+4.58) 2262.67
(-15.66) 1566.27
(+12.59) 10304.96
(+4.62) 208150.74
(-11.08)

21254.34 crore or 10.75 percent and stood at (22.02) (21.00) (6.02) (5.98) (19.01) (20.14)
Taka Total Loans 174176.15 752081.23 34796.66 26072.82 53699.12 1040825.98
September, 2019 CMSME Loans 36043.60 155166.08 2094.08 1915.85 10271.32 205490.93
218972.53 crore at the end of March, 2020 as
(20.69) (20.63) (6.02) (7.35) (19.13) (19.74)
compared to Taka 197718.19 crore at the end of Total Loans 184392.93 781250.44 36333.50 26610.77 53858.87 1082446.51
March, 2019. Outstanding CMSME loans of state December, 2019 CMSME Loans 37253.13 168113.18 2103.19 1710.02 10114.46 219293.98
(20.20) (21.52) (5.79) (6.43) (18.78) (20.26)
owned banks, private banks, foreign banks,
Total Loans 188140.25 782088.89 37134.62 26791.61 53191.69 1087347.06
specialized banks and non-bank financial March, 2020 CMSME 37356.08 167015.69 2296.21 2158.76 10145.79 218972.53
institutions increased by 6.75 percent, 12.11 Loans (19.86) (21.36) (6.18) (8.06) (19.07) (20.14)
percent, 16.59 percent, 25.93 percent and 0.72 % changes of CMSME loans at the end of
(+6.75) (+12.11) (+16.59) (+25.93) (+0.72) (+10.75)
March, 2020 over March, 2019
percent respectively. Source : SME & Special Programmes Department, Bangladesh Bank.
Note:- Figures in brack ets indicate CMSME loans as percentage of total loans.

Outstanding CMSME loans as percentage of total

loans stood at 20.14 percent at the end of
March,
2020 as compared to 19.63 percent of March,
2019.
Institution-wise share of CMSME loans
The percentage share of CMSME loans to total (March, 2020)
CMSME loans from different categories of banks Foreign Ba nks,
1.05%
and non-bank financial institutions as of end Specia lised
Ba nks,
March, 2020 is shown in the pie diagram. Priva te Ba nks, 0.99%
76.27%

Non-Ba nk
Fina ncia l
Institutions
,
4.63%

Sta te Owned
Ba nks,
17.06%
9. Industrial production
a) Quantum index of medium and large-scale manufacturing industry (Base: 2005-06=100)
Monthly Index Cumulative Index Percentage change
July-March,
Major Industry Group Weight (%) March, 2020 FY20 over
P July-March, July-March,
March, 2019 March, 2020 over July-March,
FY19 FY20
P
March, 2019 FY19

General 100.00 390.56 396.85 391.64 414.93 1.61 5.95

Wearing apparel 34.84 439.30 354.11 432.20 420.06 -19.39 -2.81
Textile 14.07 208.83 234.44 196.25 231.09 12.26 17.75
Food products 10.84 539.81 600.20 547.87 607.75 11.19 10.93
Pharmaceuticals and medicinal chemical 8.23 661.34 889.12 662.95 867.78 34.44 30.90
Non-metalic mineral products 7.12 465.59 570.44 425.38 503.39 22.52 18.34
Leather and related products 4.40 349.06 325.82 348.33 354.50 -6.66 1.77
Chemicals and chemical products 3.67 130.85 136.14 133.69 122.37 4.04 -8.47
Basic metals 3.15 188.32 189.27 187.32 192.76 0.50 2.90
Tobacco products 2.92 140.18 141.23 138.46 141.64 0.75 2.29
Fabricated metal products except machinery 2.32 298.44 313.95 294.81 309.77 5.20 5.08
Others* 8.44 295.36 295.48 292.42 301.45 0.04 3.09
Source: Bangladesh Bureau of Statistics.
*Others means residual items. P = Provisional, R=Revised.

The general index of industrial production (medium & large Movements of quantum index of medium & large scale
scale manufacturing) increased by 5.95 percent and stood at manufacturing industries (Base:2005-06=100)
414.93 during July-March, FY20 over July-March, 460

FY19. 440

Indices recording increases during July-March, FY20 420

Monthly Ind ices

compared to the same period of the preceding year were:

pharmaceuticals & medicinal chemical by 30.90 percent, 400 390.56
396.85
non-metallic mineral products by 18.34 percent, textile by 380
17.75 percent, food products by 10.93 percent, fabricated
360
metal products except machinery by 5.08 percent, tobacco
products by 2.29 percent, leather and related products by 340

Ma r.20
Feb.20
Ma y.19

Dec.19

Ja n.20
Ma r.19

Sep.19
Jun.19
Apr.19

Aug.19

Nov.19
Jul.19

Oct.19

1.77 percent, and basic metals by 2.90 percent. On the other

hand, index of wearing apparel and chemicals and chemical
products decreased by 2.81 percent and 8.47 percent
respectively during July-March, FY20.

b) Quantum index of small scale manufacturing industry

Movements of quantum index of small scale manufacturing
The general index of small scale manufacturing industry ind ustries (Base:1995-96=100)

during the second quarter (October-December, 2019) of 651.66

660 645.16
640

600
590.05
the index of 645.16 during the first quarter 580
Indices

560
(July-September, 2019) of FY20. The said index also 540
520
500
increased by 10.44 percent during the second quarter 480
460
(October-December, 2019) of FY20 as compared to the 440
420
same quarter of FY19.
Q2

Q1

Q2
Q2

Q4

Q1

Q3

Q4
Q3
Q2

Q3

Q4
Q1

Q1

FY17 FY18 FY19 FY20

 10. Exports
A. Annual exports (USD in million)
*R
FY13 FY14 FY15 FY16 FY17 FY1
27027.36 30186.62 31208.94 (+3.39) 34257.18 34655.90 (+1.16) 3
(+11.22) (+11.69) (+9.77)

B. Monthly exports
*R *
Month FY20 FY19
July 3887.86 3581.48
August 2844.31 3213.54
September 2915.85 3145.58
October 3073.23 3711.18
November 3055.85 3421.98
December 3525.09 3426.11
January 3617.31 3679.72
February 3322.36 3383.20
March 2732.00 3340.23
April 520.01 3034.21
May 1465.30 3813.37
June 2714.95 2784.44
July-June 33674.12 40535.04
(-16.93) (+10.55)
Export target is set USD 45500.00 million for FY 2019-20.
P* *R
Month FY21 FY20
July 3910.92 3887.86
.
(+0.59) (+8.55)
Export target is set USD 41000.00 million for FY 2020-21.
Source : Export Promotion Bureau (EPB). R=Revised; P=Provisional.
* Revised according to the revised definition (primary commodities+manufactured commodoties) of commodity exports by
EPB. Note:- Figures in brackets indicate percentage changes over the corresponding period of the preceding year.

Total merchandise commodity export during FY20 fell by USD 6.86 billion or 16.93 percent to USD
33.67 billion compared to USD 40.54 billion during FY19.

However, according to EPB data, merchandise commodity export in July, FY21, was higher by USD 0.02
billion or 0.59 percent and stood at USD 3.91 billion from USD 3.89 billion in July, FY20. Export target
for FY21 is set at USD 41.00 billion.

Movements of export performance Movements of cumulative export growth

12
4200 FY20 FY21 8.55 FY20 FY21
7
3600
3910.92
2
3000
Million USD

Percent

0.59
-3
2400
1800 -8

1200 -13

600 -18
0 -23
. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May

Jul.

Aug.

Oct.

Nov.

Dec.

Jan.
Sep.

Feb.

Mar.

C. Category-wise breakdown of exports

Jun.
Apr.

May

(USD in million )
Change in
Particulars July, FY21 July, FY20 July, FY21 over July, FY

In amount In perc
1. Woven garments 1494.66 1632.32 -137.66 -8.4
 2. Knitwear 1750.28 1678.16 72.12 +4.3
#
3. Home Textiles 94.01 66.09 27.92 +42.2
4. Agricultural Products* 101.06 77.19 23.87 +30.9
5. Jute and Jute Goods 103.51 74.88 28.63 +38.2
6. Leather and Leather Products 89.94 106.10 -16.16 -15.2
7. Frozen and live fish 42.52 41.60 0.92 +2.2
8. Chemical Products 22.98 15.99 6.99 +43.7
9. Plastic Products 9.88 12.95 -3.07 -23.7
10. Engineering products 56.08 41.66 14.42 +34.6
11. Others** 146.00 140.92 5.08 +3.6
TOTAL 3910.92 3887.86 23.06 0
Source : Export Promotion Bureau (EPB).
Note:- * = Includes tea, vegetables, tobacco, cut flower and foliage, fruits, spices, dry food & others , **Others = residual items,
#New addition from March, 2020

Export earnings improved in July, FY21 compared to that of July, FY20. Readymade garments contribute the
lion share of the country’s export earnings but, recently earnings from this sector decreased. In July, FY21
earnings from woven garments fell by 8.43 percent while earnings from knitwear increased by 4.30 percent and
stood at USD 14.95 billion and USD 17.50 billion respectively. Besides, earning from other products like
plastic products (-23.71%) and leather and leather products (-15.23) fell during the period under review.
However, exports of chemical products (+43.71%), home textiles (+42.25), jute and jute goods (+38.23%),
engineering products (+34.61%), agricultural products (+30.92%), and frozen and live fish (+2.21%) increased
in July, FY21 as compared to the same period of the preceding fiscal year.

Category-wise share of total exports of July, FY21 and July, FY20 are shown in the following pie diagrams.

Category-wise share of total exports Category-wise share of total exports

(July, FY21) (July, FY20)
 Frozen a nd live fish, Jute a nd Jut
Knitwea r, Knitwea r, Goods,
44.75% 1.09% 43.16% 1.93%
Jute a nd Jute Frozen a nd
Goods,
2.65%

Lea ther a nd
Lea ther a Lea ther
nd Lea ther Products,
Others, Products, Others, 2.73%
2.30% 7.14%
8.41%

Woven Agricultura l Woven Agricultura l

ga rm ents, Products, ga rm ents, Products,
38.22% 2.58% 41.99% 1.99%
11.Import
a) Custom based import, import LCs settlement and LCs opening
(USD in million)
R Import LCs s e ttle me nt Import LCs ope ning
Cus tom bas e d import (c&f)
Month R R R
2018-19 2017-18 2018-19 2017-18 2018-19 2017-18
FY 59914.70 58865.30 54640.35 51530.56 57754.61 69421.14*
(+1.78) (+25.23) (+6.03) (+16.39) (-16.81) (+44.25)
P R P R P R
Month 2019-20 2018-19 2019-20 2018-19 2019-20 2018-19
July 5247.10 5079.10 4570.99 4686.46 4688.71 5065.09
August 4072.70 4458.90 3896.27 3837.81 4337.33 4952.94
September 5004.20 5160.20 4332.83 4307.32 5030.04 4736.59
October 5279.30 5546.70 5082.65 4811.93 4567.64 4755.92
November 4392.40 5081.60 4322.26 4902.14 4680.85 5170.86
December 5254.20 4744.20 4981.67 4773.53 5295.68 4639.52
January 5334.10 6120.80 5008.18 4810.99 5371.35 6116.16
February 4723.70 4703.90 4704.13 4771.86 4541.56 3836.17
March 4277.20 4893.60 4341.56 4315.69 4827.87 4992.97
April 2858.50 5120.10 2475.81 4570.84 1653.43 4685.01
May 3533.40 5124.40 2770.45 4781.57 2222.35 5005.13
June 4807.90 3881.20 4152.74 4070.21 3883.82 3798.25
July-June 54784.70 59914.70 50639.54 54640.35 51100.62 57754.61
(-8.56) (+1.78) (-7.32) (+6.03) (-11.52) (-16.81)
Source: National Board of Revenue (NBR), Foreign Exchange Operations Department of Bangladesh Bank
Note:- Figures in brack ets indicate percentage changes over the corresponding period of the preceding year.
P = Provisional, R= Revised, NA = Not Available.
*Including one-time LC opening of USD 11380 million for the Rooppur Nuclear Power Plant.

Custom based import during FY20 fell by USD 5.13 billion or Trens of cumulative growth of custom based import
8.56 percent and stood at USD 54.78 billion against USD 59.91 20
billion of FY19. 17 FY20 FY19
14
Settlement of import LCs during FY20 decreased by 7.32 11
percent and stood at USD 50.64 billion against USD 54.64 8
Percent

billion of FY19. 5 1.78

2
Fresh opening of import LCs during FY20 decreased by 11.52 -1
percent and stood at USD 51.10 billion compared to USD 57.75 -4
-8.56
billion of FY19. -7
-10
-13
Aug

Apr
Nov
Jul

Oct
Sep

June
Mar
Dec

Jan

Feb

May
b) Sector-wise fresh opening, settlement and outstanding of import LCs
Sector-wise comparative statistics of fresh opening, settlement and outstanding of import LCs during
July-August, FY20 and July-August, FY19 are shown below:
(USD in million)
Percentage changes in
July-Augus t, FY20 July-Augus t, FY19
July-August, FY20 over July-August, FY19

Se ctors / Commoditie s Outstanding Outstanding Outstanding LCs

Fresh
Fresh opening of Settlement of LCs at the Settlement of LCs at the Fresh opening Settlement of at the end period
opening of
import LCs import LCs end period import LCs end period of import LCs import LCs
import LCs

A. Consumer goods 1041.24 1113.12 2143.93 952.72 889.06 2228.72 9.29 25.20 -3.80
B. Intermediate goods 755.87 822.17 2548.94 1014.27 711.13 2209.21 -25.48 15.61 15.38

C. Industrial raw materials 2737.78 2908.14 7163.40 3381.18 3110.81 7723.69 -19.03 -6.52 -7.25

D. Capital machinery 700.48 688.88 6081.24 760.05 787.08 6907.61 -7.84 -12.48 -11.96

E. Machinery for misc. inds. 1241.64 831.22 3977.15 1384.41 871.30 3150.54 -10.31 -4.60 26.24

F. Petroleum & petro.prodts. 693.78 346.57 1039.40 804.59 791.68 998.56 -13.77 -56.22 4.09

G. Others 1855.24 1757.15 16132.79 1720.82 1363.21 16215.42 7.81 28.90 -0.51

Total 9026.03 8467.26 39086.86 10018.03 8524.27 39433.75 -9.90 -0.67 -0.88
of which back to back 1334.07 1316.34 2780.66 1563.14 1415.74 3148.28 -14.65 -7.02 -11.68
Source: Foreign Exchange Operations Department, Bangladesh Bank . P = Provisional.
Note: Update after July-August, 2019 is not available from Foreign Exchange Operations Department.

The comparison of sectoral share in total LCs opening during July-August, FY20 and July-August, FY19 are shown
in the following pie diagrams.
Sectoral shares in LC Opening Sectoral shares in LC Opening
(July-August, FY20) (July-August, FY19)

Others , Petroleum & Others ,

20.55% petro.products , 17.18%
Petroleum & Consumer goods, Consum er goods,
8.03% 9.51%
petro.products 11.54%
7.69% Ma chinery
Interm edia
for misc.
Interm edia te te goods,
Ma chinery for industry, 10.12%
goods, 13.82%
misc. industry,
8.37%
13.76%

Ca pita l Ca pita l
m a chinery, ma Industria l ra
Industria l ra
7.76% chinery, w m a teria ls,
w ma teria ls,
7.59% 33.75%
30.33%

Sector-wise detailed statistics of fresh opening, settlement and outstanding of import LCs during
July-August, FY20 and July-August, FY19 are also given in the appendix.
C) Projected data on opening of import LCs and probable liabilities against back to back LCs of
authorised dealer banks
(USD in million)
Probabl e l i abi l i ti es of banks agai nst
Month Openi ng of i mport LCs
back to back LCs
March'20 5600.19 1592.74

Apri l '20 5699.58 1596.47

May'20 5678.86 1602.46

March-May, 2020 16978.63 4791.67

Source: All authorized dealer banks, compiled by Monetary Policy Department (MPD), Bangladesh Bank.

Data on projection of opening of import LCs and probable liabilities against back to back LCs are USD 16.98
billion and USD 4.79 billion respectively during March-May, 2020. The mentioned liability is around 82.56
percent of foreign currency holdings (Nostro account balance+Investment in OBU+FC balances with Bangladesh
Bank) of banks as on March 19, 2020.
 12. Workers’ remittances
Annual and monthly trends (USD in million)

2016-17 2017-18 2018-19

Trends of cumulative growth of workers' remittance inflow
FY
12769.45 14981.69 16419.63 70
(-14.48) (+17.32) (+9.60) FY21 FY20
60 62.71
M onth FY20 FY19
July 1597.69 1318.18 50

Percent
Monthly

August 1444.75 1411.05

40
September 1476.91 1139.66
October 1641.67 1239.11 30
November 1555.23 1180.44 20
December 1691.68 1206.91 10.87
10
January 1638.43 1597.21
February 1452.20 1317.73 0

Nov.
Aug.

Dec.

Apr.
Mar.

May
Sep.

Oct.

Feb.

Jun.
Jan.
Jul.
March 1276.26 1458.68
April 1092.96 1434.30
May 1504.60 1748.16
June 1832.63 1368.20
July-June 18205.01 16419.63 Receipts of workers’ remittances in July, FY21 increased
(+10.87) (+9.60) by USD 1.00 billion or 62.71 percent and stood at USD
M onth FY21
P
FY20
R 2.60 billion against USD 1.50 billion of July, FY20.
July 2599.56 1597.69
(+62.71) (+21.20)
Source : Statistics Department, Bangladesh Bank .
Note:- Figures in brack ets indicate percentage changes over the same period
of the previous year. P = Provisional; R = Revised.

13. Foreign exchange reserves of Bangladesh Bank and commercial banks

(a) Gross foreign exchange reserves of Bangladesh Bank (BB):
The gross foreign exchange reserves of BB stood at USD 37.29 billion (with ACU liability of USD 0.56 billion) as of end July
2020, which was 36.04 billion (with ACU liability of USD 0.72 billion) as of end June 2020. The current foreign exchange
reserves (less ACU liability) is sufficient to pay import liability of 8.05 months; considering the average of the previous 12
months (July, 2019-June, 2020) import payments.
(b) Gross foreign exchange balances held by commercial banks (CBs):
The gross foreign exchange balances held by commercial banks stood at USD 4.87 billion as of end July, 2020 which was
higher than USD 4.58 billion as of end June, 2020. It was also higher than the balance of USD 4.37 billion at the end of July,
2019.
Gross foreign exchange reserves of
BB (US D in m illio n)

Ju n e , 2017 Ju n e , 2018 Ju n e , 2019 Trends of FX reserves of BB

A. O u ts tan di n
40.0 8.70
g s tock at th e e Gros s FX reserves
33492.95 32943.46 32716.51
n d of th e ye ar 38.0 8.40
Res erve covers months of import (RHS)
(+11.02) (-1.64) (-0.69) 8.10
36.0
7.80
Month / Year FY20 FY19
Billion USD

34.0 7.50
July 32093.25 32105.45 7.20
32.0
6.90
August 32775.77 32926.51 30.0 6.60
28.0 6.30
Sep tember 31831.92 31957.74 6.00
26.0
5.70
Jul.19

October 32437.74 32077.96

November 31728.99 31056.04 Trends of FX reserve of CBs

Aug. 19

4.90
B . O u ts tan di n December 32689.18 32016.25 4.60
g s tock at th e e 4.30
Billion USD

n d of th e m on January 32381.47 31279.69 4.00

3.70
th 3.40
February 32987.35 32235.68 3.10
2.80
M arch 32570.16 31753.29 2.50
2.20
Jul.19

Ap ril 33111.06 31937.51

M ay 33409.89 31344.79
Aug. 19

June 36037.03 32716.51 Source: Foreign Exchange Policy Department, Bangladesh Bank.
Source : Accounts & Budgeting Departm ent, Bangladesh Bank.
Month / Year FY21
P
FY20 N/A = Not available

July 37288.43 32093.25

14. Foreign aid
(USD in million)
Food Project Total Payment Net Food Project Total Payment Net
Aid Aid Aid (Principal) Foreign Aid Aid Aid (Principal) Foreign
Month
Aid Aid
Month FY19 FY18
July 0.00 267.34 267.34 127.52 139.82 0.00 366.95 366.95 109.56 257.39
August 0.00 401.25 401.25 48.32 352.93 4.12 123.65 127.77 44.77 83.00
September 5.71 322.55 328.26 153.67 174.59 3.08 388.79 391.87 124.51 267.36
October 0.00 457.38 457.38 91.97 365.41 5.12 573.69 578.81 86.78 492.03
November 0.00 430.60 430.60 76.40 354.20 8.29 254.73 263.02 71.88 191.14
December 0.00 1008.99 1008.99 94.76 914.23 5.85 883.55 889.40 94.16 795.24
January 0.00 387.79 387.79 122.24 265.54 0.00 477.15 477.15 108.84 368.31
February 0.00 790.18 790.18 50.74 739.44 0.00 328.88 328.88 47.56 281.32
March 0.00 449.78 449.78 165.15 284.63 0.00 574.62 574.62 176.36 398.26
April 0.00 378.55 378.55 102.28 276.26 0.00 322.23 322.23 89.93 232.30
May 0.00 313.28 313.28 77.58 235.70 0.00 370.46 370.46 76.39 294.07
June 0.00 997.38 997.38 91.67 905.71 0.00 1434.35 1434.35 81.67 1352.68
July-June 5.71 6205.06 6210.77 1202.30 5008.48 26.46 6099.02 6125.48 1112.41 5013.08
(-78.42) (+1.74) (+1.39) (+8.08) (-0.09) (+33.23) (+73.68) (+73.45) (+24.35) (+90.11)
Month FY20
P
FY19
R

July 0.00 391.19 391.19 128.14 263.04 0.00 267.34 267.34 127.52 139.82
August 0.00 357.91 357.91 51.54 306.37 0.00 401.25 401.25 48.32 352.93
September 0.00 185.38 185.38 162.89 22.49 5.71 322.55 328.26 153.67 174.59
October 0.00 511.79 511.79 103.05 408.73 0.00 457.38 457.38 91.97 365.41
November 0.00 192.65 192.65 82.13 110.52 0.00 430.60 430.60 76.40 354.20
December 0.00 1108.04 1108.04 104.76 1003.29 0.00 1008.99 1008.99 94.76 914.23
January 0.00 372.19 372.19 122.25 249.94 0.00 387.79 387.79 122.24 265.54
February 0.00 384.05 384.05 57.69 326.36 0.00 790.18 790.18 50.74 739.44
March 0.00 1010.01 1010.01 168.94 841.07 0.00 449.78 449.78 165.15 284.63
April 0.00 306.26 306.26 100.62 205.63 0.00 378.55 378.55 102.28 276.26
May 0.00 469.51 469.51 125.61 343.89 0.00 313.28 313.28 77.58 235.70
June 0.00 1983.00 1983.00 48.96 1934.04 0.00 997.38 997.38 91.67 905.71
July-June 7271.97 7271.97 1256.59 6015.39 5.71 6205.06 6210.77 1202.30 5008.48
(+17.19) (+17.09) (+4.52) (+20.10) (+1.74) (+1.39) (+8.08) (-0.09)
Source : Bangladesh Bank & Ministry of Finance, P = Provisional; R = Revised

Bangladesh received total foreign aid of USD 7.27 billion

Foreign Aid
during FY20 which is higher by USD 1.06 billion or 17.09 8000
7271.97 Total Aid Net Aid
percent compared to FY19. 7000
6015.39 6210.77
6000

After principal repayment of USD 1.26 billion, the net 5008.48

Million USD

5000

receipts of foreign aid stood at USD 6.02 billion during FY20 4000

which was 4.52 percent higher compared to USD 5.01 billion 3000

during FY19. 2000

1000
A comparative status of total and net foreign aid during FY20
0
and FY19 are shown in the bar diagram. FY20 FY19
15. Exchange rate movements:
(Taka/USD) (Rupee/USD)
1/ 3/ 1/ 3/ 2/
Month Month Avg. Month End Month Avg. Month End Month End Month
Month FY18 FY19 FY18 FY1
July August 80.6262 80.6598 83.7472 83.7500 64.0773 68.6
September 80.6937 80.7000 83.7500 83.7500 64.0154 70.7
October 80.7354 80.8000 83.7500 83.7500 65.7604 72.5
November 80.8202 80.8810 83.8167 83.8500 64.7745 73.9
December 81.2550 82.3000 83.8735 83.9000 64.4332 69.9
January 82.5520 82.7000 83.9000 83.9000 63.9273 69.7
February March 82.8150 82.9000 83.9417 83.9500 63.6878 71.0
April 82.9196 82.9600 84.0417 84.1500 65.1031 71.1
May 82.9600 82.9600 84.2081 84.2500 66.1031 69.1
June 82.9746 82.9800 84.3390 84.4500 66.7801 69.8
83.3846 83.7000 84.4923 84.5000 67.4526 69.8
83.7010 83.7000 84.5000 84.5000 68.5753 68.9
Month FY19 FY20 FY19 FY2
July August 83.7472 83.7500 84.4996 84.5000 68.6068 68.8
September 83.7500 83.7500 84.5000 84.5000 70.7329 71.7
October 83.7500 83.7500 84.5000 84.5000 72.5474 70.6
November 83.8167 83.8500 84.6702 84.7500 73.9936 70.8
December 83.8735 83.9000 84.7810 84.9000 69.9159 71.7
January 83.9000 83.9000 84.8984 84.9000 69.7923 71.2
February 83.9417 83.9500 84.9000 84.9000 71.0333 71.5
March April 84.0417 84.1500 84.9492 84.9500 71.1953 72.1

May 84.2081 84.2500 84.9500 84.9500 69.1713 75.3

June 84.3390 84.4500 84.9500 84.9500 69.8368 75.1
84.4923 84.5000 84.9500 84.9500 69.8058 75.6
84.5000 84.5000 84.9183 84.9000 68.9180 75.5
1/, 2/
As per the data of Statistics Department of Bangladesh Bank Financial Benchmark India Private Ltd & Bangladesh Foreign Exchange
3/
Dealer's Association (BAFEDA) .

Bangladesh Taka and Indian Rupee (INR) depreciated by 0.47 percent and 8.75 percent respectively
against the US dollar at the end of June 2020 as compared to its level of end June 2019. As per the latest
available data, graphical presenatations of exchange rate of Bangladesh Taka (BDT) and Indian Rupee
(INR) against the US Dollar and BDT against the INR are shown in the following charts respectively:
85.20
BDT per USD
85.00
BDT/ USD

84.80

84.60
84.40
78.50
INR per USD
76.00
INR /USD

73.50

71.00
68.50
1.26
1.22 BDT per INR
1.18
TK. /INR

1.14
1.10
1.06
02-01-20

02-08-20

15-02-20

22-02-20

29-02-20

03-07-20

14-03-20

21-03-20

26-03-2020

02-04-2020

09-04-2020

16-04-2020

23-04-2020

30-04-2020

07-05-2020

14-05-2020

21-05-2020

28-05-2020

04-06-2020

11-06-2020

18-06-2020

25-06-2020

02-07-2020

09-07-2020

The above trends suggest that Bangladesh Taka has recently been appreciating against the Indian Rupee.
16. Balance of payments (BOP)
(USD in million)
Particulars FY20
P
FY19
R

Trade bal ance -17861 -15835

Exports f.o.b(including EPZ) Imports 32830 39604
f.o.b(including EPZ) 50691 55439
Servi ces -2987 -3177
Credit 6770 7153
Debit 9757 10330
Pri mary i ncome -2776 -2993
Credit 172 192
Debit 2948 3185
Of which:Official interest payment 887 760
Secondary i ncome Official 18775 16903
transfers Private transfers 19 41
of which : Workers' remittances ( current a/c. portion) 18756 16862
18014 16196

Curre nt acco unt bal ance -4849 -5102

Capi tal account 256 239
Capital transfers 256 239
F i nanc i al acco unt 7952 5907
i ) Forei gn di rect i nvestment(net)* 1804 2628
i i ) Portfol i o i nvestment (net) 276 171
of which : Workers' remittances ( financial a/c. portion) 191 224
i i i ) Other i nvestment(net) 5872 3108
Medium and long-term (MLT) loans 6996 6263
MLT amortization payments Other 1257 1202
long-term loans (net) Other short-term 438 302
loans (net) Trade credit (net) 931 272
DMBs & NBDCs(net) -966 -2716
Assets -270 189
Liabilities -242 367
Errors and omi ssi ons -512 556
296 -865

Overal l bal ance 3655 179

Reserve assets -3655 -179
Bangl adesh Bank(net) -3655 -179
Assets 3250 -155
Liabilities -405 -334
Source : Statistics Department, Bangladesh Bank .
Note:- Both of exports and imports are compiled on the bas is of cus toms data. P=Provis ional; R = Revis ed.
* FDI is calculated on net bas is by deducting dis inves tment, repayments of loans & los s .

Trade balance recorded a higher deficit of USD 17.86 billion during July-June, FY20 as compared to the
deficit of USD 15.84 billion during FY19. However, current account balance deficit reduced mainly due
to remarkable inflow of workers’ remittances. The overall balance incurred a significant surplus of USD
3.66 billion during FY20 as compared to the surplus of USD 0.18 billion during FY19, mostly due to
higher financial account surplus.
 17. Public finance
a) Government tax revenue collections
(Taka in crore)
Tax revenue collections during FY13 FY14 FY15 FY16 FY17 FY18
NBR Tax Revenue 109151.31 120819.86 135700.70 155518.72 171679.14 202312.94
(112259.00) (125000.00) (135028.00) (150000.00) (185000.00) (225000.00)
1/ 4120 4612.64 4821.57 5642.46 6282.39 7041.07
Non-NBR Tax Revenue
(4565.00) (5178.00) (5648.00) (5400.00) (7261.00) (7202.00)
Total Tax Revenue 113271.31 125432.5 140522.27 161161.18 177961.53 209354.01
(116824.00) (130178.00) (140676.00) (155400.00) (192261.00) (232202.00)

Note:- Figures in brack ets indicate the target of revenue collection.

(Taka in crore)
NBR Tax Revenue Non-NBR Total Tax NBR Tax Revenue Non-NBR Total Tax
Custom Income Tax Revenue Customs Income Tax Revenue
VAT others* Total VAT others* Total
s Tax Revenue
1/ Collections duties Tax Revenue
1/
Collections
duties
1 2 3 4 5=(1+..+4) 6 7=(5+6) 1 2 3 4 5=(1+..+4) 6 7=(5+6)
P
FY20 FY19
July 2058.86 7190.04 4257.07 2320.41 15826.38 498.79 16325.17 1941.13 5735.76 3802.39 2233.32 13712.60 402.23 14114.83
August 1667.65 6158.57 4480.69 1978.54 14285.45 322.70 14608.15 1817.61 6092.66 3851.75 3186.50 14948.52 344.23 15292.75
September 2163.60 6960.87 6174.76 2604.64 17903.87 418.13 18322.00 2132.86 6569.29 5559.25 3257.89 17519.29 446.27 17965.56
5890.11 20309.48 14912.52 6903.59 48015.70 1239.62 49255.32 5891.60 18397.71 13213.39 8677.71 46180.41 1192.73 47373.14
July-September
(+3.97) (+3.93) (+3.97) (+5.85) (-46.34) (+3.32)
October 2254.20 7768.53 4479.81 3288.34 17790.88 NA NA 2049.61 7185.09 3844.49 3133.92 16213.11 418.61 16631.72
November 2232.29 8139.64 5028.80 3195.24 18595.97 NA NA 1928.36 7304.12 4379.97 3654.58 17267.03 358.05 17625.08
December 2124.11 7996.55 7717.43 3999.77 21837.86 NA NA 1764.21 6809.70 6708.44 3050.79 18333.14 514.18 18847.32
January 2250.61 7747.63 6188.54 4150.81 20337.59 NA NA 2285.26 7617.65 5161.68 3714.26 18778.85 1241.94 20020.79
February 2183.33 7477.44 5545.81 3802.67 19009.25 NA NA 1808.41 6921.23 4886.62 3106.50 16722.76 552.17 17274.93
March 2122.73 6633.54 8171.75 3606.10 20534.12 NA NA 2038.34 7195.04 7350.76 3369.24 19953.38 515.10 20468.48
April 979.58 4161.50 2264.64 1534.99 8940.71 NA NA 2410.37 7790.50 5370.08 4046.88 19617.83 415.83 20033.66
May 1790.46 5885.95 2669.87 3107.27 13453.55 NA NA 2270.98 8023.73 5711.80 4542.39 20548.90 400.03 20948.93
June 2051.78 10172.06 15200.62 2465.96 29890.42 NA NA 1830.26 10476.80 15168.27 2801.68 30277.01 423.26 30700.27
July-June 23879.20 86292.32 72179.79 36054.74 218406.05 24277.40 87721.57 71795.50 40097.95 223892.42 6031.90 229924.32
(-2.45) (+10.67) (-14.33) (+9.83)
Source: National Board of Revenue and Office of the Controller General of Accounts . P=Provisional, R=Revised; *=include supplementary duties & travel tax.
Note:- Figures in brackets indicate percentage changes over the corresponding period of the preceding year.
1/
Non-NBR tax revenue includes narcotics & liquor duty, taxes on vehicles, land revenue and stamp duty(non judicial).

Total tax revenue (NBR & non-NBR) during July-September, FY20 stood at Taka 49255.32 crore which was
higher by Taka 1882.18 crore or 3.97 percent against the collection of Taka 47373.14 crore during
July-September, FY19.

NBR tax revenue during FY20 stood at Taka 218406.05 crore which was lower by Taka 5486.37 crore or 2.45
percent against the collection of Taka 223892.42 crore during FY19.

Revised target for NBR tax revenue collection is Taka 3,00,500.00 crore for FY2019-20

Trends of growth of total tax Trends of cumulative growth:NBR Tax Revenue

+130 revenue 18

+100
14
+70 12 10.67
10
+40
Percent

Percent

8
+10 6
4
-20
2
-50 0
-2 -2.45
-80
-4
Sep. 18

Dec. 18

Feb. 19

Mar. 19

Jun.19
Oct. 18

Nov. 18

Jan. 19

Sep. 19
May.19

Aug. 19
Apr. 19

Jul.19

Jul.

Aug.

Oct.

Nov.

Apr.
Sep.

Dec.

Jan.

Feb.

Mar.

Jun.
May.
b) Sale and repayment of National Savings Certificates (NSCs)
(Taka in crore)
Re payme nt Outs tanding at
FY Sale (Principal) Ne t s ale
the e nd of the ye ar
(1) (2) (3) 4=(2-3) (5)
2014-15 42659.79 13927.13 28732.66 105130.14
2015-16 53712.45 20023.85 33688.60 138818.74
2016-17 75134.74 22717.26 52417.48 191236.22
2017-18 78784.68 32254.38 46530.30 237766.52

(Taka in crore)
Re payme nt Outs tanding at Re payme nt Outs tanding at
Months Sale Ne t s ale Sale Ne t s ale
(Principal) the e nd pe riod (Principal) the e nd pe riod

FY19 FY18
July 8229.61 3193.87 5035.74 242802.26 7352.11 2298.57 5053.54 196289.76
August 6732.89 2711.39 4021.51 246823.76 6464.94 2489.90 3975.04 200264.79
September 7293.59 2938.82 4354.77 251178.54 5767.80 2102.05 3665.75 203930.54
October 7744.41 3327.70 4416.71 255595.25 7378.03 2757.70 4620.33 208550.87
November 7059.16 3225.97 3833.20 259428.45 6700.36 2842.94 3857.42 212408.29
December 6479.63 3148.02 3331.61 262760.06 5505.52 2854.06 2651.46 215059.76
January 9726.64 3723.79 6002.85 268762.91 8060.49 2920.76 5139.73 220199.49
February 7746.31 3140.21 4606.10 273369.02 6602.40 2445.89 4156.51 224356.00
March 7960.46 3829.75 4130.71 277499.73 6293.27 2704.04 3589.23 227945.22
April 7540.22 3798.94 3741.28 281241.00 6537.54 3183.36 3354.18 231299.40
May 7117.52 3860.75 3256.77 284497.77 6432.32 3131.75 3300.57 234599.97
June 6711.94 3503.71 3208.23 287706.00 5689.91 2523.36 3166.55 237766.52

July-June 90342.39 40402.91 49939.48 287706.00 78784.68 32254.38 46530.30 237766.52

(+14.67) (+25.26) (+7.33) (+21.00) (+4.86) (+41.98) (-11.23) (+24.33)

FY20 FY19
July 6091.33 3878.85 2212.47 289918.48 8229.61 3193.87 5035.74 242802.26
August 5214.93 3715.04 1499.89 291418.36 6732.89 2711.39 4021.51 246823.76
September 6115.58 5129.88 985.71 292404.07 7293.59 2938.82 4354.77 251178.54
October 6185.59 5362.64 822.95 293227.02 7744.41 3327.70 4416.71 255595.25
November 5255.50 4934.88 320.62 293547.64 7059.16 3225.97 3833.20 259428.45
December 5348.41 5756.85 -408.44 293139.21 6479.63 3148.02 3331.61 262760.06
January 7308.23 5068.07 2240.16 295379.36 9726.64 3723.79 6002.85 268762.91
February 6772.57 4780.06 1992.52 297371.88 7746.31 3140.21 4606.10 273369.02
March 5624.14 4087.37 1536.77 298908.65 7960.46 3829.75 4130.71 277499.73
April 661.78 1283.55 -621.78 298286.87 7540.22 3798.94 3741.28 281241.00
May 3226.90 2796.67 430.23 298717.10 7117.52 3860.75 3256.77 284497.77
June 9322.80 5905.55 3417.25 302134.35 6711.94 3503.71 3208.23 287706.00
July-June 67127.75 52699.40 14428.35 302134.35 90342.39 40402.91 49939.48 287706.00
(-25.70) (+30.43) (-71.11) (+5.01) (+14.67) (+25.26) (+7.33) (+21.00)
Revised target for net sale of NSC is Taka 11,924.00 crore for FY 2019-20.
Source:- Department of National Savings
Note :- Figures in brackets indicate percentage changes over the corresponding period of the preceding year.

The sale of National Savings Certificates (NSCs) during FY20

Trend of Cumulative growth of net sale of NSC
stood at Taka 67127.75 crore which was 25.70 percent lower
32 FY19 FY20
than FY19. The net borrowing of the government through
7.33
12
NSCs during FY20 fell by Taka 35511.14 crore or 71.11
-8
Percent

percent as compared to that of FY19 and stood at Taka

-28
14428.35 crore; this net sale of FY20 was 121.00 percent of
-48
the revised target for the fiscal year. -68
-71.11

However, outstanding borrowing of the government through -88

Sep Oct Nov Dec Jan Feb Mar Apr May

NSCs stood at Taka 302134.35 crore as of end June, 2020 was

higher by Taka 14428.35 crore or 5.01 percent compared to
Taka 287706.00 crore as of end June, 2019.
c) Government budget financing
(Taka in crore)
Outstanding
Net non-bank Total financing
Net borrowing of Net foreign Outstanding domestic debt as
borrowing of the Total domestic Total financing as % of GDP
@
FY the Govt. from the financing 3/ Domestic debt % of GDP at
@

1/
Govt. from the financing at current market
banking system 2/ (end period) current market
public price R
price
1 2 3 4=(2+3) 5 6=(4+5) 7 8 9

2013-2014 6627.80 15351.72 21979.52 14224.04 36203.56 2.69 207615.35 15.45

2014-2015 -7370.70 34723.57 27352.87 17067.58 44420.45 2.93 234968.22 15.50

2015-2016 4326.60 34166.55 38493.15 20213.70 58706.85 3.39 273461.37 15.78

2016-2017 -17464.80 53685.30 36220.50 20863.05 57083.55 2.89 309681.87 15.67

2017-2018 -1110.10 47492.60 46382.50 41157.80 87540.30 3.89 356064.37 15.82

2018-2019 18269.30 53928.68 72197.98 42084.37 114282.35 4.51 428262.35 16.89

P 135890.80
2019-2020 61905.40 22986.27 84891.67 50999.13 4.84 513154.02 18.29
Source: Bangladesh Bank, Ministry of Finance & Bangladesh Bureau of Statistics. P=Provisional ; R=Revised, 1/: Excludes interest.
2/: Includes treasury bills & bonds held by the non-bank financial institutions through secondary auctions, T.bills & bonds have been taken at face value.
@
3/: Total foreign aid disbursement less amortization payment(converted using cummulative exchange rate of the corresponding period) , : nominal GDP (base 2005-06=100) has been used.

Total budget financing of the government stood lower at Taka 1358.91 billion during FY20 against Taka 1142.82 billion during
FY19. Of this financing, financing from the domestic sources stood higher at Taka 848.92 billion during FY20 as compared to
that of Taka 721.98 billion during FY19. Government’s net borrowing from the banking system stood significantly higher at
Taka 619.05 billion during FY20 whereas it was Taka 182.69 billion during FY19. However, net borrowing from the non-
banking sources also stood significantly lower at Taka 229.86 billion during FY20 as compared to that of Taka 539.29 billion
during FY19. Net foreign financing stood higher at Taka 510.00 billion during the period under review. The total budget
financing during FY20 stood at 4.84 percent of the provisional estimated GDP while it has been projected to be 5.30 percent of
the revised target of GDP for FY20.

18. Food situations

(In lac metric ton)
Actual Net Food grain Imports Public Public Foodgr
Year Production Domestic Domestic Private Total Domestic Distribution Stock Pu
Govt. & food
Production
Target Production* aid Procurement (End Ju
(Gross)
FY2011-12 357.25 348.20 313.38 10.50 12.40 22.90 14.26 20.95 12.48
FY2012-13 354.66 350.88 315.79 4.72 14.18 18.90 14.06 20.87 14.97
FY2013-14 358.81 356.56 320.90 8.56 21.37 29.93 14.34 22.20 11.53
FY2014-15 360.50 360.58 324.52 3.34 49.40 52.74 16.76 18.38 12.86
FY2015-16 364.24 360.03 324.03 3.34 42.06 45.40 12.32 20.64 8.5
FY2016-17 365.91 351.16 316.04 3.93 54.30 58.23 16.14 22.42 3.7
FY2017-18 372.97 373.76 336.38 13.91 83.83 97.74 15.35 21.17 13.15
R R
FY2018-19 373.12 374.08 336.67 5.44 52.9 58.34 24.15 25.94 16.74
T R
FY2019-20 399.69 ---- ---- 5.03 ---- 5.03 22.69 31.03 ---

P
Parti cul ars FY20 FY19
1. Production (Aus, Aman, Boro & Wheat) ) - -
2. Imports (Rice & Wheat) 64.38 58.34
R
3. Procurement (Rice & Wheat) 18.71 24.15
4. Distribution (Rice & Wheat) 27.77 25.94
5. Outstanding Food Stock (Rice & Wheat) 11.88 16.74
Source : Bangladesh Food Situation Report, FPMU, Ministry of Food.
Note : T = Target, P = Provisional, R = Revised, ---- = Data not avaiable.
*= After 10% deduction for seed, feed, waste etc.

Total production target of food grains in FY20 has been set at 399.69 lac metric tons. During FY20 import of rice and wheat
was higher at 64.38 lac metric tons as compared to 58.348 lac metric tons of FY19. Procurement of rice and wheat however,
was lower at 18.71 lac metric tons during FY20 as compared to 24.15 lac metric tons of the same period of the preceding year.
Public food distribution of rice and wheat was higher at 27.77 lac metric tons during FY20 as compared to 25.94 lac metric
tons of FY19. Outstanding Stock of food grains stood lower at 11.88 lac metric tons at the end of June, 2020 which was 16.74
lac metric tons at the end of June, 2019.
 APPENDIX
Break-up of fresh opening, settlement and outstanding of import LCs
(USD in million )
Percentage changes in July-August,
July-August, FY20 p July-August, FY19
FY20 over July-August, FY19
Fresh
Fresh Settlement Outstanding Settlement Outstanding Fresh Settlement Outstanding
opening of
Sectors / Commodities opening of of import LCs at the of import LCs at the opening of of import LCs at the
import
import LCs LCs end period LCs end period import LCs LCs end period
LCs
A. Consumer goods 1041.24 1113.12 2143.93 952.72 889.06 2228.72 9.29 25.20 -3.80

Rice and wheat 272.53 183.94 708.92 260.60 221.18 788.18 4.58 -16.84 -10.06

Sugar and salt 75.56 96.74 260.85 81.49 82.27 284.95 -7.28 17.59 -8.46

Milk food 41.92 73.42 137.15 38.72 65.65 106.90 8.26 11.83 28.30

Edible oil (refined) 124.22 118.76 297.39 138.80 125.55 333.06 -10.50 -5.41 -10.71

All kinds of fruits 54.61 41.12 69.50 43.10 34.42 60.66 26.70 19.47 14.56

Pulses 34.77 83.29 140.64 63.18 34.34 141.21 -44.97 142.58 -0.40

Onion 35.73 33.86 30.09 54.45 45.61 36.55 -34.37 -25.75 -17.68

Spices 33.40 35.20 36.22 33.01 39.91 30.84 1.19 -11.79 17.44

Second hand clothings 0.00 0.51 3.94 0.13 0.40 2.41 --- 26.34 63.68

Drugs and medicines(finished) 15.21 9.72 32.51 10.56 10.11 25.95 44.01 -3.91 25.31

Others 353.29 436.56 2143.93 228.67 229.62 418.03 54.49 90.12 412.87

B. Intermediate goods 755.87 822.17 2548.94 1014.27 711.13 2209.21 -25.48 15.61 15.38

Coal 30.38 7.77 74.85 60.90 31.74 70.59 -50.12 -75.50 6.04

Cement 9.42 13.07 16.67 6.32 10.44 8.93 48.97 25.24 86.56

Clinker & limestone 145.39 171.32 789.20 152.47 134.55 405.24 -4.64 27.33 94.75

B. P. sheet 58.04 83.91 76.51 92.06 59.19 165.26 -36.95 41.76 -53.70

Tin plate 0.25 0.21 0.55 1.25 1.10 4.78 -80.06 -80.62 -88.43

Scrap Vessels 46.98 122.34 455.13 265.63 206.51 490.47 -82.32 -40.76 -7.20

Iron and steel scrap 265.64 250.30 612.96 207.29 94.39 508.29 28.14 165.19 20.59

Non-ferrous metal 16.78 13.09 63.83 40.72 22.43 118.24 -58.79 -41.63 -46.01

Paper and paper board 70.04 68.28 148.66 79.96 72.46 165.87 -12.41 -5.77 -10.37

Others 112.97 91.88 2548.94 107.66 78.33 271.54 4.93 17.30 838.70

C. Industrial raw materials 2737.78 2908.14 7163.40 3381.18 3110.81 7723.69 -19.03 -6.52 -7.25

Edible oil (Crude) & oil seeds 93.28 157.08 569.41 228.90 121.05 658.20 -59.25 29.77 -13.49

Textile fabrics (B/B & others) 1196.90 1158.68 2481.21 1387.51 1234.99 2704.00 -13.74 -6.18 -8.24

Pharmaceutical raw materials 146.47 134.28 231.60 141.03 107.72 222.64 3.86 24.66 4.03

Raw cotton 345.16 471.91 1073.92 449.03 494.79 1112.00 -23.13 -4.62 -3.42

Cotton yarn 214.60 231.58 610.14 306.09 286.83 688.10 -29.89 -19.26 -11.33

Copra 0.02 0.00 5.78 0.00 0.10 8.74 --- -100.00 -33.95

Synthetic fibre & yarn 129.05 127.08 413.17 143.70 151.34 365.30 -10.19 -16.03 13.10

Chemicals & chem. products 612.31 627.53 7163.40 724.91 714.01 1964.72 -15.53 -12.11 264.60
(continued on page-25)
 APPENDIX
Break-up of fresh opening, settlement and outstanding of import LCs
(USD in million )
Percentage changes in July-August, FY20
July-August, FY20 p July-August, FY19
over July-August, FY19
Fresh Outstanding Fresh Outstanding Outstanding
Settlement Settlement Fresh
opening of opening of Settlement of
Sectors / Commodities of import LCs at the of import LCs at the opening of LCs at the
import import import LCs
LCs LCs import LCs
LCs end period LCs end period end period
D. Capital machinery 700.48 688.88 6081.24 760.05 787.08 6907.61 -7.84 -12.48 -11.96

Textile machinery 79.65 102.62 551.97 113.73 104.85 715.37 -29.96 -2.13 -22.84

Leather / tannery 2.41 0.92 9.61 1.68 6.53 9.84 43.15 -85.99 -2.32

Jute industry 1.60 1.59 4.57 0.14 5.10 3.59 1047.02 -68.81 27.34

Garment industry 98.01 75.95 587.03 136.06 140.71 717.42 -27.97 -46.02 -18.17

Pharmaceutical industry 15.77 30.79 113.57 16.29 13.66 118.94 -3.17 125.41 -4.52

Packing industry 3.02 3.74 14.93 4.45 2.39 11.44 -32.17 56.68 30.55

Other industry 500.03 473.27 4799.56 487.71 513.84 5331.01 2.53 -7.89 -9.97

E. Machinery for misc. inds. 1241.64 831.22 3977.15 1384.41 871.30 3150.54 -10.31 -4.60 26.24

Other machineries 241.38 149.99 591.23 289.31 116.61 509.20 -16.56 28.63 16.11

Marine diesel engine 4.22 3.45 45.12 6.38 6.37 43.86 -33.89 -45.81 2.87

Computer & its accessories 81.89 62.91 153.33 60.36 53.96 137.10 35.66 16.60 11.83

Motor vehicle & motorcycle parts 68.68 53.40 126.68 68.49 58.04 91.57 0.28 -8.01 38.33

Bicycle parts 13.32 15.33 35.13 13.25 13.68 28.54 0.53 12.07 23.10

Other iron and steel products 54.16 56.55 193.33 80.93 74.00 170.47 -33.08 -23.58 13.41

Motor vehicles 450.52 169.58 759.93 213.43 175.57 561.11 111.08 -3.41 35.43

Other electronics components 18.89 17.11 260.46 122.69 43.36 243.32 -84.60 -60.54 7.04

Tractors & power tiller 18.48 16.56 39.41 10.41 9.66 28.85 77.50 71.38 36.59

Others 290.11 286.33 1772.54 519.15 320.05 1336.51 -44.12 -10.54 32.62

F. Petroleum & petro.prodts. 693.78 346.57 1039.40 804.59 791.68 998.56 -13.77 -56.22 4.09

Crude 97.91 26.28 424.33 88.86 63.84 368.69 10.18 -58.84 15.09

Refined 595.87 320.29 615.07 715.72 727.84 629.87 -16.75 -55.99 -2.35

G. Others 1855.24 1757.15 16132.79 1720.82 1363.21 16215.42 7.81 28.90 -0.51

Commercial sector 741.32 622.68 3384.88 733.57 502.21 3024.22 1.06 23.99 11.93

Industrial sector 1113.92 1134.48 12747.91 987.25 861.01 13191.20 12.83 31.76 -3.36

Rooppur Nuclear Power Plant --- 83.56 9715.84 0.00 65.05 10621.56 --- 28.46 -8.53

Total 9026.03 8467.26 39086.86 10018.03 8524.27 39433.75 -9.90 -0.67 -0.88

of which back to back 1334.07 1316.34 2780.66 1563.14 1415.74 3148.28 -14.65 -7.02 -11.68
Source: Foreign Exchange Operations Department(FEOD), Bangladesh Bank.