Bangladesh Bank sets uniform dollar rate at Tk89
29 May 2022, 07:49 pm | Updated: 30 November 2024, 11:33 am
Bangladesh Bank (BB) has set a uniform dollar-taka exchange rate for international trade to curb currency volatility. From now on, a US dollar will be sold at Tk 89 in the interbank currency market.
The new exchange rate will be effective from Monday, central bank spokesperson Md Serajul Islam told reporters.
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 dollar, instead of the existing rate at Tk87.9.
Exchange houses will set their trading rate for dollar after adjusting the interbank and BC rates, said the central bank spokesperson.
The uniform exchange rates for all banks come following a decision made at a tripartite meeting of the Bangladesh Bank with top leaders of the BAFEDA and the ABB on Thursday.
