Bangladesh: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2008 Issue 335

Publication date: October 2008

ISBN: 9781451804270

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Finance , Investments and Securities-General , Public Finance , ISCR , CR , Bangladesh , export , investment , VAT , capital tax , garment export performance , GDP ratio , export growth , current account norm , Public investment spending , Public investment and public-private partnerships (PPP) , Current account , Real exchange rates , Exports , East Asia , South Asia , Asia and Pacific , Global

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Summary

This Selected Issues paper on Bangladesh reviews institutional developments in the foreign exchange market since 2002. In 2002, there have been several aspects of the financial system and exchange market in Bangladesh that posed impediments to a floating exchange rate system. The financial system has been dominated by state-owned commercial banks with assets amounting to about 24 percent of GDP and accounting for some 46 percent of industry net assets. Market interventions have been largely confined to building foreign exchange reserves and to countering rare disorderly market conditions.