Bangladesh Bank fixes inter-bank exchange rate at Tk 89

The Bangladesh Bank on Sunday fixed the inter-bank exchange rate at Tk 89 per US dollar, following requests from two apex bodies of bankers and forex dealers in the country.

The new exchange rate will be effective from Monday, central bank spokesperson Md Serajul Islam said while confirming the matter to The Business Post.

Earlier in the day, the Association of Bankers, Bangladesh (ABB) and the Bangladesh Foreign Exchange Dealers' Association (BAFEDA) sent a letter to the central bank requesting a uniform dollar exchange rate under the four categories.

In the letter, two apex bodies called for fixing the inter-bank exchange rate at Tk89.8 per US dollar, instead of the existing rate at Tk87.9.