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Essay

Foreign Exchange Bangladesh

Essay specific features

 

Issue:

Business

 

Written by:

Ann O

 

Date added:

February 7, 2013

 

Level:

 

Grade:

A

 

No of pages / words:

5 / 1184

 

Was viewed:

8045 times

 

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Essay content:

BANGLADESH BANK, as agent of the government, was the sole purveyor of foreign currency among users. It tried to equilibrate the demand for and supply of foreign exchange at an officially determined exchange rate, which, however, ceased to exist with introduction of current account convertibility. Immediately after liberation, the Bangladesh currency taka was pegged with pound sterling but was brought at par with the Indian rupee...
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Immediately after liberation, the Bangladesh currency taka was pegged with pound sterling but was brought at par with the Indian rupee. Within a short time, the value of taka experienced a rapid decline against foreign currencies and in May 1975, it was substantially devalued. In 1976, Bangladesh adopted a regime of managed float, which continued up to August 1979, when a currency-weighted basket method of exchange rate was introduced...
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General issues of this essay:
China's Exchange Rate Exchange Rate Movements Exchange Rate Policy in Bangladesh: A Review of Key Concepts and Issues Exchange Rate Volatility and FDI Exchange Rate Exchange rate forecasting Exchange rate policy Foreign Exchange Bangladesh Foreign Exchange Management Real Exchange Rate Stabilisation and Managed Floating: Exchange Rate Policy in The Exchange Rate in Europe The Australian Exchange Rate Foreign Exchange Rate Sensitivity and Stock Price economic effects of the foreign exchange rate exchange rate
 

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