Dhaka, May 14 (V7N) – Bangladesh Bank Governor Dr. Ahsan H. Mansur announced that Bangladesh is set to receive a total loan of $3.5 billion by June. Dr. Mansur shared this update during a virtual meeting on Wednesday, noting that $1.3 billion of the loan would be provided by the International Monetary Fund (IMF), while the remaining $2.2 billion would come from the World Bank, ADB, JICA, AIIB, and OPEC.

In his remarks, the governor reiterated that the dollar exchange rate in Bangladesh will now follow a market-based system. Despite this shift, he expressed confidence that the exchange rate will not rise significantly, citing the high volume of exports and remittances entering the country. He also assured that there would be no negative impact on inflation.

"The decision to make the exchange rate market-based does not mean buying dollars at any price," Dr. Mansur clarified. "I believe the rate will remain around its current level."

Additionally, the governor highlighted the stability in the exchange rate, which has been maintained without Bangladesh Bank's direct intervention. He emphasized that this trend will continue and that if any entity tries to destabilize the market, Bangladesh Bank will take necessary action.

To further support this stability, Dr. Mansur revealed that a $500 million fund has been created to ensure the smooth functioning of the dollar market.

This announcement comes at a crucial time as Bangladesh continues to navigate through economic challenges, with these measures aiming to bolster financial stability and maintain growth.

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