Bangladesh currency, the taka, to float

From Saturday Bangladesh will float the taka freely on the foreign exchange markets. The announcement on Thursday came after the government agreed to a proposal to float made by the International Monetary Fund (IMF).

Source: BBC

The Bangladesh currency, the taka, is to be allowed from Saturday to float freely on the foreign exchange market.

The decision was taken at a meeting of senior officials of the Bangladesh central bank on Thursday afternoon.

The announcement ended weeks of speculation ab