IMF: Time Ripe for Bangladesh to Adopt Flexible Exchange Rate

The International Monetary Fund (IMF) has recommended that Bangladesh move toward a more flexible exchange rate regime. Speaking at a press conference held at Bangladesh Bank headquarters, Chris Papageorgiou, IMF’s mission chief to Bangladesh, stated that the narrowing gap between official and unofficial exchange rates presents an ideal opportunity for the transition.

A flexible exchange rate, he noted, would help enhance competitiveness, support external balances, and improve overall economic resilience in the face of global uncertainties.

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