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Home Currency News

Bangladesh Plans ‘Crawling’ Peg Instead of Floating Currency

currencycoach by currencycoach
January 12, 2024
in Currency News
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Bangladesh Plans ‘Crawling’ Peg Instead of Floating Currency
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Bangladesh’s central bank is considering a crawling peg system for its currency, backtracking on an earlier pledge to allow the exchange rate to float freely.

The plan isn’t final yet and Bangladesh Bank is still working on the system, spokesman Mezbaul Haque said by phone Friday.



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