Among these improved conditions were the lifting of foreign exchange controls, he said.
Today, countries which still impose exchange controls are the exception rather than the rule.
The policy decision was to maintain the sterling area, above all in its 1940 form as a zone of exchange control.
They include the income tax cuts, union reforms, and ending exchange controls.
Most foreign exchange controls are to be lifted later this year.
It would in itself be a most effective foreign exchange control.
This included both general price and foreign exchange controls.
At that time, foreign exchange control by the Bangladesh government was strict.
After the war, the bank struggled under the pressure of the government's changing credit restrictions and exchange controls.
Up until the late 1980s fixed interest rates and strict exchange controls were still in place.