Dhaka, May 15 -- Bangladesh Bank is armed with adequate bucks to intervene if the local currency depreciates deeply following the introduction of market-driven foreign-exchange regime, one of major financial-sector reform undertakings.

Deputy Governor of the central bank Dr Habibur Rahman explained Thursday the switch from managed-to-monitored dollar-taka exchange rate, launched on the day in fulfillment of the last IMF condition binding credit release.

"Bangladesh Bank is watchful. If depreciation exceeds the desired level, we can intervene -- we have the mechanism and we have the funds," he said while speaking at the launch of Monthly Macroeconomic Insights by the Policy Research Institute (PRI) at the PRI office in Dhaka.

Dr Rahman ...