Muhith hints at taka devaluation

Posted: ফেব্রুয়ারি 1, 2009 in Economics

Finance Minister AMA Muhith yesterday said it might not be possible to keep the current exchange rate of the taka against the dollar due to sharp devaluation of the currencies of major trading partners.

“We want to keep the value of the taka (at the current level). But I think it may not be possible any longer,” he told reporters after a meeting with Bangladesh Textile Mills Association. The exchange rate of currencies in the free-float market cannot be controlled, but Bangladesh Bank sometimes uses its tools to adjust the prices.

Replying to a question, the minister said he would not go for any decision in this regard at the moment, but would convene a meeting with the stakeholders.

The daily star 02.02.2009
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