No BDT-US dollar adjustment now: Bangladesh Bank

By Ferdous Ahmad Bhuiyan, NAK,

Dhaka : Bangladesh Bank Governor Dr. Salehuddin Ahmed said Friday the central bank was not thinking of readjusting the Bangladesh Taka (BDT) against the US Dollar.


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Bangladesh Bank Governor Speaking to reporters at Dhaka Zia International Airport, on Friday on his returning from the annual general meeting of WB-IMF in Washington, said the Bangladesh government did not want to affect export earnings by readjustment of the Taka against the US currency dollar.

Returning from Washington, he said Bangladesh will receive a total $1 billion in financial assistance from the World Bank (WB) and International Monetary Fund (IMF) this year.

Earlier in the week, finance and planning adviser AB Mirza Azizul Islam, after Washington talks with World Bank officials, had said the bank was committed to a total assistance package of $1 billion by Dec 2008, a record level of financial support for Bangladesh.

BB governor told reporters: “Multi-lateral agencies’ impression of Bangladesh among the developing nations is quite positive.”

“Donors have lauded the stability of Bangladesh’s macro-economic fundamentals, relatively low inflation rate and the constant 6 percent growth rate,” added Dr. Salehuddin.

On the impact of global financial turmoil, he told newsmen that the Bangladeshi economy is not likely to suffer any immediate effect.

“However, the export sector and inflow of ODA (overseas development assistance) may witness some downturn due to the financial crisis,” he added. (NAK)

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