Exact plans have not been announced but it is understood that the country’s Ministry of Finance is examining ways to make the law more up to date.

The ministry is also said to be concerned about falling FDI levels, which, according to fDi Markets, have been flat in recent years.

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The decades-old act is a long and confusing document with severe limits on how the country’s currency can be traded. The legislation places strict rules on who is permitted to trade the currency, and enables the Bangladesh Bank to set the official exchange rate.