Bangladesh Foreign Exchange Dealers’ Association (BAFEDA) informed that banks will now pay the dollar rate of Tk104 in specific cases to bring export proceeds to the country quickly.
“All export proceeds and other inward remittances, including commercial remittances irrespective of ticket size, will be bought by the banks at a fixed rate of Tk104 per US dollar (instead of the earlier Tk103),” as per a BAFEDA notice release issued today.
In the notice, it was said that the exchange rate for dollars is being fixed for remittance with a view to stabilizing the foreign exchange market and to better serving the customer of all segments.
This new rate will be effective from 1 March and all authorized dealer banks will have to follow this rate.
Also, all wage earners and white collar NRB’s remittances (only those who are entitled to receive the existing 2.50% GoB incentives) received through Exchange Houses (both for banks’ own Exchange House(s) and third party Exchange Houses) and formal banking channel will be bought by the banks at a rate not higher than Tk107 per US dollar,” reads the notice.