The Bangladesh Bank (BB) is not moving away from the crawling peg mechanism to a free-floating exchange rate regime right now to “avoid any speculative role” by foreign currency market aggregators.

The dollar exchange rate will remain stable as the country expects an additional $11-12 billion inflow in the current fiscal year, Bangladesh Bank Governor Ahsan H Mansur said today (10 February). ...

This stability is anticipated to curb volatility in domestic commodity prices and bolster overall economic resilience.

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