Wednesday, 30 November, 2022

Forex market to be stable by Jan-Feb, hopes Bangladesh Bank

  • Sun Online Desk
  • 14th November, 2022 06:23:06 PM
  • Print news

Bangladesh Bank hopes that demand and supply of foreign currencies will witness a balanced condition by next January-February, according to a media report.

"Media reports on suspension of LCs are not true," said spokesperson of the central bank Abul Kalam Azad in a briefing on Monday.

He said "LCs worth $1,263 million were opened on the first 10 days of November while LCs stood $4,743 million in October."

Banks are opening LCs considering their foreign currencies stock, he added.