The Bangladesh Bank is going to sit with the Association of Bankers, Bangladesh (ABB) and Bangladesh Foreign Exchange Dealers Association (BAFEDA) on Thursday to discuss the ongoing volatility in the foreign exchange market.
A high official of the central bank said that the meeting will be held at 3:00PM.
Before the meeting, BAFEDA, the apex body of foreign exchange dealers’ banks submitted a six-point proposal to the central bank for stabilising the country’s forex market.
It recommended increasing cash incentives against wage earners’ remittance to 5 per cent from the existing 2.5 per cent, proposed a periodic review of the inter-bank exchange rates, and requested necessary adjustments based on market dynamics.
The inter-bank exchange rate stood at Tk 87.90 per USD on Wednesday, up from Tk 87.50 on Sunday.
However, importers said they were spending Tk94-96 per dollar to pay import bills, terming the spending a burden.
