Foreign exchange reserves
Market-based liberalisation of foreign exchange rates and reality
Market-based liberalisation of foreign exchange rates and reality
The International Monetary Fund (IMF) suggested the implementation of a flexible currency exchange rate for Bangladesh during a virtual press conference on April 30, coinciding with the release of the Regional Economic Outlook for Asia Pacific countries. This recommendation aligns with the IMF's stance advocating for market-based exchange rates over the past eighteen months. The IMF contends that adopting a market-based currency exchange rate in Bangladesh would yield improvements across various sectors, notably bolstering foreign exchange reserves.
Forex reserves reduce by $534 million in a week
Forex reserves reduce by $534 million in a week
Foreign exchange reserves have dropped by $534 million within a week, with bankers attributing the decline to continued dollar sales.
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