This decision is a pragmatic step, regardless of whether it was motivated by the necessity of meeting IMF program conditions for the 4th and 5th disbursements

The central bank will allow the exchange rate of the dollar to be determined by market forces

The central bank is likely to issue a circular in this regard today.

The exchange rate of the taka and the US dollar is going to be turned more flexible in line with suggestions of International Monetary Fund (IMF), according to Bangladesh Bank.

The exporters have already welcomed the central bank's move to devaluate the local currency, which they have long been waiting for.

PRI Executive Director Ahsan H Mansur says