Dhaka, Feb. 10 -- The country's gross central-government debt in foreign-currency denomination has increased largely in recent times, thanks to a highly volatile exchange rate in the forex market.

The government has long been trying to stabilise the forex market as it needs foreign currency to execute development projects.

The country's forex-market volatility began following the Ukraine war in February 2022, leading to a large depreciation of local currency against US dollar.

Even the central bank of Bangladesh imposed many restrictions to lower the volume of imports as the foreign exchange reserves had been worsening soon after the Ukraine War.

Foreign currency-denominated loans by the government surged by more than 40.5 per cent to...