Bangladesh eyes market-based floating exchange rate to rein in foreign-exchange volatility

DHAKA, Sept. 14 (Xinhua) -- Bangladesh is going to adopt the market-based floating exchange rate of the U.S. dollar against the Bangladeshi taka soon, said Bangladeshi Finance Minister AHM Mustafa Kamal on Wednesday.

After a virtual meeting of a cabinet committee, he told journalists in Dhaka "We're all set to introduce the market-based floating exchange rate soon."