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BB, IMF to hold meeting Wed focusing on exchange rate

Published : Tuesday, 23 April, 2024 at 11:20 PM  Count : 608

BB, IMF to hold meeting Wed focusing on exchange rate

BB, IMF to hold meeting Wed focusing on exchange rate

Bangladesh Bank (BB) and International Monetary Fund (IMF) will hold a meeting on Wednesday focusing on implementing the "crawling peg" mechanism for determining the exchange rate.


IMF will hold two separate meetings with several teams from BB, said a senior official of the central bank.


He said these meetings will focus on the implementation of the "crawling peg" mechanism as part of the process of establishing a market-based exchange rate in Bangladesh.


In addition to this, there will be a detailed discussion about the current process of determining the value of the currency against the dollar, he added.







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