- January 2, 2023
- Posted by: Stratford Team
- Category: Economy
From Monday, businessmen will receive Tk102 per dollar for export proceeds, following a decision during a joint meeting of the Association of Bankers Bangladesh (ABB) and the Bangladesh Foreign Exchange Dealers’ Association (Bafeda) on Sunday.
Managing directors of both public and private banks joined the meeting which finalised the new rate for exporters. However, the dollar rate for remittances has been left unchanged at Tk107.
“Banks will encash export proceeds at Tk102 from Monday,” Selim RF Hussain, ABB chairman and also the managing director of Brac Bank, told The Business Standard.
On condition of anonymity, the managing director of a private bank told The Business Standard that the increase in the dollar price for export proceeds will also lead to an increase in the purchase price of dollars by banks. This is likely to cause a slight rise in the dollar price for import settlement.
On 30 November 2022, the dollar rate for export…
