Dhaka, Sept. 24 -- Finance Adviser Dr Salehuddin Ahmed on Tuesday defended Bangladesh Bank's recent move to mop up nearly $2 billion from the market, saying the central bank was right to keep the exchange rate stable even as demand for the US dollar has temporarily eased.
Speaking to reporters after meetings of the Advisors Council Committee on Government Purchase and the Advisors Council Committee on Economic Affairs, he acknowledged concerns that importers-particularly those bringing in raw materials and capital machinery-might feel pressured by the central bank's stance, reports UNB.
"Some argue that if demand for the dollar goes down, the price should also fall. But if we let the exchange rate slide without restraint, it will send a b...