BB brings flexibility to exchange rate management

Bangladesh Bank (BB) has brought flexibility to exchange rate management, reports BSS.

"To bring flexibility in exchange rate management, it has been decided that spot exchange rates may vary from transaction to transaction on a business day, subject to movement within the prescribed band of the crawling peg mid-rate, as guided by Bangladesh Bank from time to time," said a BB circular issued Sunday.

The central bank has instructed Authorized Dealers (ADs) to adhere to the above instructions in exchange rate management.