The Bangladesh Foreign Exchange Dealers’ Association (BAFEDA) on Sunday fixed a uniform exchange rate of the US dollar to curb the instability in the foreign exchange market.
The apex body of dealer banks set a maximum of Tk 108 for the foreign exchange houses to collect remittance and Tk 99 for encashment of export bills.
On the other hand, the rate of LC (letter of credit) settlement will be the weighted average rate of the above-mentioned two rates plus Tk 1.
The new rates of the greenback will come into effect from Monday.
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The decisions were made during a meeting between the BAFEDA and the Association of Bankers, Bangladesh at the headquarters of state-run Sonali Bank in Dhaka’s Motijheel.
ABB Chairman and BRAC Bank Managing Director (MD) Selim RF Hussain and BAFEDA Chairman and Sonali Bank MD and Chief Executive Officer Md Afzal Karim led their respective organisations at the meeting.
