- September 11, 2022
- Posted by: Stratford Team
- Category: Economy
The maximum exchange rate of dollar on Sunday was fixed at Tk108 each for remittance inflow and Tk99 for exporters to encash their export bills.
The rates were fixed at a meeting between Bangladesh Foreign Exchange Dealers Association (Bafeda) and the Association of Bankers, Bangladesh (ABB) on the day.
It was also decided at the meeting that the LC (letter of credit) settlement rate will be fixed by calculating the average of remittance and export bill rates with a maximum increase of Tk1.
However, these rates will change in a few days, noted the monetary bodies.
The (ABB), a platform of managing directors of banks in Bangladesh, and Bafeda, a platform of banks, will determine the rate, as per a meeting outcome with Bangladesh Bank on Thursday.
Banks in the country have to buy and sell dollars based on an interbank exchange rate of the greenback set by the central bank.
As per the banking norms, lenders are allowed to offer Tk1 less from the…
