The central bank’s tight grip has driven the dollar's mid-rate from Tk 117 to Tk 119 per dollar by the end of 2024, sparking debates.
Bangladesh Bank has officially given the green light for banks to trade foreign currency at freely negotiated rates, but there’s a catch. An unofficially imposed mechanism has upset the foreign exchange market, undermining the intent of liberalisation.
The central bank’s tight grip has driven the dollar's mid-rate from Tk 117 to Tk 119 per dollar by the end of 2024, sparking debates.
Bangladesh Bank has officially given the green light for banks to trade foreign currency at freely negotiated rates, but there’s a catch. An unofficially imposed mechanism has upset the foreign exchange market, undermining the intent of liberalisation.
