Dollar price in Bangladesh will remain non-market based before elections

Bangladesh Bank (BB) has said that the official price of the dollar will not be market-based ahead of the upcoming parliamentary elections. The central bank has given three reasons behind this decision. He said the country’s three key economic indicators – current account, financial account and revenue account – are showing negative trends.

The central bank argued that foreign reserves could fall even further if the market was left to determine the dollar exchange rate.

According to sources present in the meeting, BB Governor Abdur Rauf Talukdar gave such instructions during a meeting with the managing directors of 15 private banks on Wednesday.

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