Currency exchange rate risk to decline

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Regulatory body Bangladesh Securities and Exchange Commission (BSEC) has taken an initiative to diversify its products and services in the country’s capital market. As part of the initiative, Chattogram Stock Exchange (CSE) is going to introduce Forex trading or foreign currency transaction service under the derivatives market. CSE wants to introduce ‘currency derivatives in a bid to reduce currency exchange rate risk.

If it is launched, the size of the capital market will increase, and will see new hopes. At the same time, along with the establishment of a full-fledged derivatives market, the reputation and image of the country will increase in the international capital market.

ABG Ltd, a subsidiary of Bashundhara Group, one of the country’s leading industrial conglomerates, is providing full support in introducing Forex trading in CSE. They are providing advices and technical supports to CSE in this regard.

However,…

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