Central bank warns banks against forex manipulation
Dhaka, May 20 -- Bangladesh Bank (BB) has cautioned treasury heads of all scheduled banks to refrain from any form of manipulation in foreign-exchange transactions in the coming days.
The warning was issued at a meeting held at the Bangladesh Bank (BB) headquarters in the capital on Tuesday, with BB Governor Md Mostaqur Rahman in the chair.
At the meeting, the central bank governor assured that the BB would not interfere in the market but warned that any act of manipulation would not be tolerated.
The BB governor also sought cooperation from treasury heads to bring dynamism to interbank transactions, according to meeting sources.
"We want to see a vibrant interbank foreign exchange market," the BB governor told the meeting, according ...
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