Bangladesh Bank steps in to stabilize exchange rates

Bangladesh Bank steps in to stabilize exchange rates

As the country’s foreign exchange market is facing turmoil due to surging dollar demand, Bangladesh Bank has come up to identify key causes and implement corrective measures, UNB reports citing officials. To stabilize the situation, they said, Bangladesh Bank has taken the following steps: Exchange Rate Cap: The bank has set a maximum exchange rate of Tk 123 per dollar for remittance...

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