🌐 Market-driven forex rate with $500m guardrails decided

🔹 Bangladesh is moving toward a market-driven exchange rate, with a $500-million safeguard against volatility to meet the IMF’s last condition for loan disbursement. The IMF will release two tranches totaling $1.3 billion by June following Bangladesh Bank's policy shift.

🔹 Foreign lenders, including the World Bank and ADB, will provide $3.5 billion in total financing by June. The central bank will allow commercial banks to trade dollars freely but will monitor the exchange rate within a hidden band. If needed, Bangladesh Bank will intervene in the market using a $500-million fund to stabilize currency fluctuations. Economic indicators are improving, with steady export growth and remittances up by nearly 30%. Bangladesh Bank Governor warned against forex market manipulation, saying any syndication efforts will be met with consequences.

➡️ https://today.thefinancialexpress.com.bd/first-page/market-driven-forex-rate-with-500m-guardrails-decided-1747245331

For those curious on Forex hours. Sidney session just opened, and the ripple will continue worldwide til NY session ends at 5pm tomorrow.

However, I want to point out, rates won’t change randomly during an open session, unless they are free floating. What the rate was at the opening of the Sidney session is what the rate will be for the NY session that opens in the am.

People are trying to confuse you all in timing. Know this, Sunday at 5pm, sessions start for the week, and whatever rates are then, they will REMAIN until the end of all sessions and a benchmark is set and the process starts all over again. Don’t fall for the foolishness of the other groups telling you random Forex hours. We did the work, and know the brokers that can tell us the truth on when these sessions commence.

Have a great Sunday Evening, enjoy your family, freinds, or even time outside. If there is a change, it will be announced well in advance, that’s a promise.

© Red™✨