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Bangladesh to amend
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reviewing the blacklisting of workers based on biometric attendance and ending assaults and harassment of workers in the workplace, according to a statement from the office of the permanent mission of Bangladesh in Geneva.
Besides, the law adviser assured the Governing Body council members that the government has been working to resolve police cases filed against workers for their involvement in wage hike demonstrations last year, the statement added.
The Minimum Wage Board, a government regulatory agency responsible for recommending changes to the minimum wage, has also submitted a proposal to the Ministry of Labour and Employment to amend the labour law and update its provisions.
The board suggested that the ministry amend the labour law to ensure strict implementation of wage structures at factories, according to the proposal.
Wishing anonymity, an official of the board said incidents of labour unrest often take place after factory owners fail to timely implement wage structures and pay workers.
Amending the labour law is a long-overdue issue in Bangladesh. Last December, the president returned the “Bangladesh Labor (Amendment) Bill-2023” unsigned, citing the need for further amendments to certain key clauses.
International bodies like the European Union (EU), the ILO, global clothing retailers and brands, North American clothing retailers and brands, and the U.S. government have urged Bangladesh to amend the labour law, easing trade union rules, simplifying union registration and lowering the worker threshold required to form a union.
Currently, forming a union in a garment factory requires the consensus and signatures of 20 percent of workers. Union leaders and international bodies advocate lowering this threshold to 5-10 percent.
They have also called on the government to enact a uniform labour law for all workers, including those in Export Processing Zones (EPZs) and outside of EPZs.
According to labour rights activists, the current two labour laws for EPZ and non-EPZ production facilities contain discriminatory provisions and benefits for workers.
However, Bangladesh cannot implement a uniform labour law for both EPZ and non-EPZ workers, as some foreign investors in EPZs argue that they invested under the condition of excluding trade unions from EPZ factories.
In the face of Rana Plaza garment building collapse and subsequent international pressure, the government previously amended the 2006 labour law in August 2013 to ensure workplace safety and labour rights issues meet international standards.
In September 2015, the government formulated labour rules to guide the proper application of the labour law at factories.
The law was further amended in 2018, again under international pressure, to lower the worker threshold for union formation to 20 percent from 30 percent.

Forex reserves
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The country’s forex reserves as per the IMF’s calculation method were at $20.55 billion in early September this year.
It fell below the $20 billion mark after the payment of $1.37 billion in import bills for July and August under Asian Clearing Union, an arrangement for the settlement of payments among nine member countries.
BB Deputy Governor Md Habibur Rahman said the central bank has been buying foreign currencies from banks.
“Purchases will continue. We see a good supply of the US dollar, and we will buy the foreign currencies, keeping the forex market stable,” said Rahman, who was previously serving as chief economist of the BB.
The central bank sold $9.4 billion of foreign currencies in FY24.