FX Markets

Bangladesh looking to float the taka

The purpose of the float is to make the taka more competitive through devaluation, and is an important condition for International Monetary Fund (IMF) support for Bangladesh.

In a report published last week, Standard Chartered Bank said a floating exchange rate could come at the same time as an IMF paper on reducing poverty in Bangladesh, which is expected in June. The paper will form the basis of multilateral assistance to the country.

There is likely to be a move from the current 58 to 62

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: