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


By Karim

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."

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Ukraine's Kyiv under heavy Russian attack, apartment building on fire, mayor says
Brazil to talk with U.S. over potential threat to financial sovereignty, says finance chief
Urgent: U.S. strategic petroleum reserve hits lowest level since January 2024
U.S. stocks close higher as Nvidia surges
Anthropic submits draft registration statement to SEC for proposed IPO
EU paves way to allow migrant deportations to centres outside bloc
Libya's national oil firm reports highest monthly revenue in 10 yrs
Chile's Kast launches legislative agenda as he seeks to restore popularity
1st LD Writethru: Confirmed Ebola cases surpass 300 in DR Congo: official
U.S. stocks close higher

Others Also Read