Banks of Bangladesh will be able to pay a maximum amount of 108 taka per dollar tomorrow Monday to bring dollars from expatriates (Probashi Remittance Income). And the export income should be monetized at a maximum price of 99 taka. The maximum price per dollar for settlement of import credit will be 104 taka 50 paisa.
The top executives of the banks decided the price in a meeting on Sunday evening. The new price will be effective from tomorrow Monday 12th September 2022. The top leaders of Association of Bankers Bangladesh (ABB) and Bangladesh Foreign Exchange Dealers Association (BAFEDA) met in this meeting to review the demand and supply of dollars and determine the prices in terms of expatriate income, exports and imports. The meeting was held at Sonali Bank’s Motijheel head office.
Chairman of BAFEDA Afzal Karim, nd Managing Director (MD) of Sonali Bank, Salim RF Hossain, Chairman of ABB and MD of BRAC Bank were present in the meeting. It was decided in the Bangladesh Bank meeting held last Thursday with the leaders of BAFEDA and ABB, that the price of the dollar will be the same in all banks. Banks themselves will determine this price. As part of that, the leaders of BAFEDA and ABB decided the price of the dollar by meeting today. At the end of the meeting, BAFEDA Chairman Afzal Karim told reporters that all banks will comply with this new fixed price.
The new price is fixed according to the current price of the dollar. As a result, there is no reason to increase the price more than this. This market based price will be reviewed and supervised by Bangladesh Bank. But the price will be determined based on the market.
Source: Based on Prothom Alo NewsShare