Business Report :
The exchange rate of dollars both for the remitters and the exporters has been increased by Tk1.
Banks will offer Tk108 per dollar for remittance and Tk106 for export proceeds from Tuesday when the new rate will come into effect.
The decision came at a meeting between the Association of Bankers Bangladesh (ABB) and the Bangladesh Foreign Exchange Dealers’ Association (BAFEDA) on Sunday.
The managing directors of the country’s public and private banks were present at the meeting.
Confirming the development to The Business Standard, ABB Chairman and Brac Bank Managing Director Selim RF Hussain said the meeting asked the banks not to bring in remittance paying more than the fixed rate.