The Bangladesh Bank on Wednesday unveiled the crawling peg exchange rate system and allowed banks to buy and sell US dollars freely near Tk117, as well as letting go of its regulatory power of the ...

The Bangladesh Bank today said it is contemplating the implementation of a crawling peg system to regulate unusual fluctuations in the currency's value. The peg system would be linked to a carefully ...

A crawling peg is a system of exchange rate adjustments in which a currency with a fixed exchange rate is allowed to fluctuate within a band of rates. The par value of the stated currency and the band ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Following the adjustment of the exchange rate for importation more than six times this year, the Central Bank of Nigeria (CBN) has directed that the rate to be used by the Nigerian Customs should be ...

The six exchange-rate system is now untenable, with the currency losing more than 50% of its value since October, but analysts say floating the currency will cause more pain without IMF support.

The House of Representatives has approved the 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) submitted by President Bola Ahmed Tinubu, paving the way for the ...

Earlier this week, Hong Kong’s financial secretary John Tsang reinforced the currency board mechanism of the Hong Kong Monetary Authority (HKMA), under which the Hong Kong dollar is pegged between ...

The Centre for the Promotion of Private Enterprise (CPPE) on Sunday appealed to the Central Bank of Nigeria (CBN) to peg the customs duty exchange rate at N1,000 per dollar for the rest of the year in ...