Bangladesh Bank can better fix the currency turmoil by freeing both interest rate and exchange rate to adjust over time.
Exchange rate management has become a frontline issue in Bangladesh in recent times. The sharp rise in the price of the dollar and the significant decline in the foreign exchange reserves within a short span of time have sent shock waves across the economy.
Bangladesh Bank can better fix the currency turmoil by freeing both interest rate and exchange rate to adjust over time.
Exchange rate management has become a frontline issue in Bangladesh in recent times. The sharp rise in the price of the dollar and the significant decline in the foreign exchange reserves within a short span of time have sent shock waves across the economy.
