PBC News: The maximum exchange rates of each US dollar has been fixed at Tk 108 for remittance inflow and Tk 99 for exporters to encash export bills.
The new rates of US dollar will come into effect on Monday (Sept 12).
The rates were fixed at a meeting between the Association of Bankers, Bangladesh (ABB) and Bangladesh Foreign Exchange Dealers Association (BAFEDA) on Sunday (September 11).
The meeting was held at the Board Room of Sonali Bank.
It was decided at the meeting that
the export bills will be encashed at Tk 99 against each dollar.
On the other hand, banks will spend Tk 103.50 collecting remittances and encashing export bills. Adding Tk 1 with it, the banks will sell dollars to importers.
However, these rates will be analysed after every five days and changes will be brought, if necessary.
Following the meeting, Sinali Bank’s managing director Afzal Karim said, “ABB and BAFEDA held a joint meeting. Our main objective is a uniform rates of money exchange at all banks in the country. We held a threadbare discussion about the dollar crisis and existing situation. ABB and BAFEDA members have agreed that the maximum rate of US dollar which will be sent by expatriates will be Tk 108. The rate of Tk 99 has been fixed at Tk 99 for remittances and export bills. These are fixed which will go into effect from Monday,” he said.