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Bangladesh is currently going through a transition towards a fully flexible exchange rate regime, and the process may take time, said the International Monetary Fund (IMF).

The Governor of the Bank of Ghana, Dr Johnson Asiama, has reiterated the central bank's commitment to a flexible exchange rate regime.

“Whenever you have a flexible exchange rate, it smooths the economy, so the economy is much more stable than otherwise would be the case,” says Walid Hejazi, a professor of economic analysis ...

With the central bank agreeing to go for a flexible exchange rate, the IMF will disburse the fourth and fifth instalments in June this year.

The updated Bretton Woods framework ushered in a new era of financial-market development, as flexible exchange rates drove cross-border capital liberalization and domestic deregulation. The global ...