However, the BB governor did not announce when Bangladesh Bank would introduce the flexible interest rate and exchange rate.

Bangladesh will introduce a crawling peg system by next month to make the exchange rate more flexible and improve the foreign currency reserves, a key prescription from the International Monetary Fund.

Bangladesh should allow greater flexibility in its exchange rate to address issues in its external account, particularly the deficit in the financial account, said the International Monetary Fund (IMF) today

Bangladesh Bank is preparing a roadmap for the next government to address the three major issues of exchange rate instability, high inflation and high defaulted loan ratio bearing upon the economy.

The government has informed the International Monetary Fund (IMF) that it would not initiate any major reforms to enhance foreign exchange reserves and revenue earnings and reduce subsidies before the upcoming parliamentary elections..However, the government promised that drastic reforms w

The exchange rate volatility and its strain on the foreign currency reserves would not disappear anytime soon after Bangladesh Bank Governor Abdur Rouf Talukder yesterday said a floating US dollar rate would not be materalised before the upcoming national election.

The IMF staff mission is willing to set a lower target for foreign currency reserves for this December and June next year provided the Bangladesh Bank adopts the crawling peg method to manage the exchange rate.

A single, sensible policy can make a motley of weird prescriptions totally redundant.