Author: chowdhury.munna

Bangladesh ICT policy, the government placing importance on the role of ICT in socio-economic development. The Government has formulated various policies and initiatives to promote the development and use of ICT. The Government has also enacted the ICT Act to provide a legal and regulatory framework or the development and use of ICT in Bangladesh. ICT Act Bangladesh 2018 The Bangladesh parliament has passed the long-awaited Information and Communication Technology (ICT) Act, 2018. The new law, which will come into effect from next month, is aimed at curbing cybercrime and ensuring the safety of online users. The ICT Act, 2018…

There are many stages of software development cycle, but they all refers some common stages. The software development cycle are consists of the following stages: 1. Planning2. Analysis3. Design4. Implementation5. Testing6. Maintenance During the planning stage, the project requirements are gathered and a project plan is created. Software Development Process The software development process is a series of steps that software developers use to create and maintain software. The steps in the software development process can vary depending on the methodology used, but they typically include requirements gathering, design, coding, testing, and deployment. In the requirements gathering step, developers collect…

Block Diagram Of A Micro Computer is a small, single-unit computer that is built around a microprocessor. It includes a microprocessor chip, which is the central processing unit (CPU), as well as memory, input/output (I/O) ports, and a power supply. Microprocessor block diagram The microprocessor is the central processing unit (CPU) of a computer. It interprets and executes instructions in order to carry out the basic functions of a computer. The microprocessor is a multipurpose, programmable device that accepts digital data as input, processes it according to instructions stored in its memory, and provides results as output. The microprocessor is…

The Asian Clearing Union (ACU) is a multilateral clearing arrangement between the central banks of its member countries. The ACU was established in 1974 with the objective of promoting efficient payment and settlement arrangements in the Asian region. Currently, the ACU has 10 member central banks, namely those of Bangladesh, India, Iran, Nepal, Pakistan, Sri Lanka, the People’s Republic of China, Bhutan, Myanmar and Mauritius. Asian Clearing Union facilitates The ACU facilitates the clearing of payments among its member central banks. It also provides a platform for the members to cooperate on issues related to payment and settlement systems. The…

Nostro and vostro account used in international banking business. A Nostro account is a bank account held by a financial institution in another country. This type of account is typically used to facilitate international trade and transactions. A Vostro account is a bank account held in the name of a foreign bank in the country where the account holder’s bank is located. The account is used to facilitate transactions between the two banks. Table of Contents [show] Nostro And Vostro Account Example Nostro and vostro accounts are used in international banking to designate which bank’s money is being held in a…

Back to back letter of credit is a type of letter of credit in which the issuing bank provides credit to the beneficiary based on the creditworthiness of another party. In other words, the issuing bank uses the creditworthiness of the second party as collateral for the letter of credit. This type of letter of credit is often used when the beneficiary is located in a different country from the issuing bank. What is Back to Back L/C (BTB L/C)? Back to Back L/C (BTB L/C) is a type of import L/C, either inland or in abroad, which opens against…

The spot rate is the current exchange rate between two currencies, while the forward exchange rate is the rate at which two currencies will be exchanged at some future date. The forward rate is determined by the spot rate and the interest rates of the two currencies involved. Spot Rate Vs Forward Rate Assuming that you would like an article discussing the differences between spot rates and forward rates: When it comes to comparing spot rates and forward rates, it’s important to understand the difference between the two. A spot rate is the current market price for an asset, while…

Trade war between USA and China had a rippled effect on the global economy, with Bangladesh being one of the countries caught in the crossfire. The trade war has led to higher prices for Bangladeshi exports, as well as a decrease in demand for Bangladeshi products. This has put a strain on the country’s economy, and has led to job losses and increased poverty. The trade war has also led to an increase in tensions between the two countries, which has further complicated the situation. Does Bangladesh Trade With China? Bangladesh is a landlocked country in South Asia. Bordered by…

Bangladesh Garment Industry have been growing steadily in recent years, with ready made garments and knitwear, leather goods, frozen fish and seafood, jute and jute goods, pharmaceuticals, ceramics, handicrafts, and light engineering goods being the main products. The country has a young and rapidly growing population, which is a key factor in its strong export growth. Bangladesh is also benefiting from preferential trade agreements with a number of countries, including the United States, which gives it duty-free access to the US market for a number of its products. Table of Contents [show] Bangladesh garment industry statistics 2021 The Bangladesh garment industry…

Import financing risk factors to consider when financing imports, including currency risk, interest rate risk, and credit risk. Currency risk is the risk that the value of the currency in which the loan is denominated will change, making it more expensive to repay the loan. Interest rate risk is the risk that interest rates will rise, making it more expensive to repay the loan. Credit risk is the risk that the borrower will default on the loan. Types Of Import Risk There are a number of different ways to conduct an import risk analysis (IRA). The method chosen will depend…