Dhaka, April 8 -- Bangladesh Bank smells a plot by vested groups to destabilise exchange rate through creating artificial crisis on Bangladesh's foreign-exchange market to cash in on the Mideast mayhem.
To deflate the plan of possible volatility, the central bank has already intensified its monitoring and vigilance on a vested quarter spreading rumours that the exchange rate may go up to Tk 130 per US dollar.
Such scaremongering has created tensions among bankers and business circles, according to the central bankers concerned.
The banking regulator skipped its dollar-purchase plan to bolster forex reserves from the market to avert any unusual fluctuation in the exchange rate since the United States and Israel jointly initiated war aga...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.