Regulatory Alerts2024-12-31
Added
FEPD Circular No. 38: Exchange Rate Management Regime
Effective January 5, 2025, Authorized Dealers must report foreign exchange transactions of 1.00 lac US dollar or equivalent twice daily, submitting morning data by 11:30 am and afternoon data by 5:30 pm. Starting January 12, 2025, Bangladesh Bank will publish a daily reference benchmark exchange rate calculated as the weighted average of freely quoted market rates. The circular also references a new Foreign Exchange Interventions strategy aimed at transitioning to full exchange rate flexibility.
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