Staff Reporter
Bangladesh Bank Governor Dr Salehuddin Ahmed yesterday said appreciation of taka against foreign currencies could help reduce soaring inflation and cast a positive impact on the economy.
He, however, ruled out the possibility of weakening foreign currencies against Bangladeshi Taka, a move that is always welcomed by importers but opposed by the exporters.
Taka had remained depreciated against US dollar and most of the other currencies, including Indian Rupee in recent years. Meanwhile, the Bangladeshi currency has started to appreciate since last week. [Read more]