The Bangladesh Bank has introduced currency swaps with banks for the first time, a move that will enable the country to meet the net reserve condition set by the International Monetary Fund (IMF) with its $4.7 billion loan programme.
Bangladesh has decided to introduce currency swaps between the central bank and commercial banks considering the local foreign exchange market dynamics
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The State Treasury (ST) has actively reformed its policies and mechanisms, as well as modernized its treasury management activities, thereby contributing to the development of secure and sustainable national finance. The ST has had effective management measures in place to improve the use of the State funds temporary surplus balances.
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