Bangladesh reviewing Foreign Exchange Act

The central bank is looking to ease foreign investors’ access to one of Asia’s most durable, but unknown, investment stories.
Hassan Zaman, chief economist, Bangladesh Bank
Hassan Zaman, chief economist, Bangladesh Bank

Bangladesh Bank, the country’s monetary authority, is reviewing its Foreign Exchange Act with an eye on liberalising how the country deals with foreign capital, says Hassan Zaman, chief economist.

The government is also considering issuing its first international bonds in order to create a yield curve.

“I can’t share details of what’s under review,” Zaman says, “but it is comprehensive. We are asking ourselves, Where do we want to go, how integrated do we want to be with the world’s financial markets, over the next 10 to 20 years’”

Speaking yesterday at AsianInvestor and FinanceAsia’s inaugural Bangladesh Investment Summit in...

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