BB, IMF to hold meeting Wed focusing on exchange rate

Bangladesh Bank (BB) and International Monetary Fund (IMF) will hold a meeting on Wednesday focusing on implementing the "crawling peg" mechanism for determining the exchange rate.

IMF will hold two separate meetings with several teams from BB, said a senior official of the central bank.

He said these meetings will focus on the implementation of the "crawling peg" mechanism as part of the process of establishing a market-based exchange rate in Bangladesh.

In addition to this, there will be a detailed discussion about the current process of determining the value of the currency against the dollar, he added.