Bangladesh bankers hike dollar purchase rate for exporters to Tk 107.5

27 Jun '23

1 min read

Bangladesh bankers hike dollar purchase rate for exporters to Tk 107.5

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The dollar purchase rate for exporters was hiked yesterday by bankers in Bangladesh to arrive at a unified rate for the greenback by September.
Exporters will receive Tk 107.5 for a US dollar from July 2—up from Tk 107, a circular by the Bangladesh Foreign Exchange Dealers' Association said.
Other rates for the US dollar will remain unchanged.

Bankers in Bangladesh yesterday hiked dollar purchase rate for exporters to arrive at a unified rate for the greenback by September. Exporters will receive Tk 107.5 for a US dollar from July 2—up from Tk 107, the Bangladesh Foreign Exchange Dealers' Association (BAFEDA) said in a circular.

Other rates for the US dollar will remain unchanged.

The aim is to reduce the gap among dollar rates, said Selim RF Hussain, chairman of Association of Bankers, Bangladesh (ABB), after a joint meeting with BAFEDA.

Remitters will receive Tk 108.5 for a US dollar apart from the 2.5 per cent incentive offered by the government.

The rate of dollar for inter-bank transaction is as much as Tk 109 for a dollar, a Bangladesh newspaper reported.

ALCHEMPro News Desk (DS)

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