Between 13 July and August, the central bank bought $948 million from commercial banks through seven auctions
Owing to a chaotic and volatile exchange rate, local exporters were desperate for the introduction of a floating exchange rate so they could draw more money and be more competitive.
The taka is expected to depreciate further against the US dollar due to huge outflows, says BB
Publishers are fearing that the number of readers as well as buyers will gradually decrease.
Specific policy incentives are needed to stimulate the economy and revive the labour market.
The government is going to adopt a floating exchange rate of the dollar against the taka soon, Finance Minister AHM Mustafa Kamal said today (September 14, 2022).
