Dhaka, Nov. 3 -- Bangladesh Bank (BB) on Monday introduced a new foreign exchange-Taka swap facility aimed at providing exporters with short-term working capital without requiring them to liquidate their foreign currency earnings.

The central bank's Foreign Exchange Policy Department issued a circular authorising commercial banks to offer this facility to exporters.

Under the system, exporters temporarily hand over a specified amount of foreign currency such as US Dollars or Euros to a bank and receive the equivalent in local currency (Taka).

The same amount of foreign currency is returned to the exporter at the end of the agreed period which is valid for a maximum of 30 days.

BB sources explained that the swap rate, or "swap point," ...