{"id":114500,"date":"2025-11-02T19:55:14","date_gmt":"2025-11-02T19:55:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/114500\/"},"modified":"2025-11-02T19:55:14","modified_gmt":"2025-11-02T19:55:14","slug":"bb-governor-says-exchange-market-is-free-floating-despite-imf-concerns","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/114500\/","title":{"rendered":"BB governor says exchange market is free floating despite IMF concerns"},"content":{"rendered":"

There is no intervention in the market, he says <\/p>\n

\n TBS Report\n <\/p>\n

\n 02 November, 2025, 09:30 pm <\/p>\n

\n Last modified: 02 November, 2025, 09:31 pm <\/p>\n

\n Bangladesh Bank Governor Ahsan H Mansur. TBS Sketch<\/p>\n

“> <\/p>\n

\"Bangladesh<\/p>\n

\n Bangladesh Bank Governor Ahsan H Mansur. TBS Sketch <\/p>\n

Bangladesh Bank Governor Ahsan H Mansur today (2 November) insisted that the country’s foreign exchange market is operating in a completely free-floating state, responding to concerns raised by the visiting International Monetary Fund (IMF) team.<\/p>\n

The governor met with the IMF delegation around 5pm, with several deputy governors and executive directors also present.\u00a0<\/p>\n

An executive director, who was present at the meeting, told The Business Standard that the IMF team observed that Bangladesh’s foreign exchange market is not yet fully free floating.<\/p>\n


\n \"The
\n Keep updated, follow The Business Standard’s Google news channel
\n <\/a><\/p>\n

In response, Governor Mansur said, “We are in a completely free-floating state. There is no intervention in the market.”<\/p>\n

When the IMF team questioned why Bangladesh Bank continues to buy dollars from the market if there is no intervention, the governor explained that such operations are typical for export- and remittance-dependent countries.\u00a0<\/p>\n

“Countries like Japan also buy dollars from the market,” he said.<\/p>\n

He added that banks currently have sufficient dollar reserves, and import demand is somewhat low, resulting in excess dollars in the market, which the central bank is absorbing through purchases.\u00a0
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