Dollar prices lowered by Tk0.25

Business Report :
Banks and foreign currency dealers have increased the value of the Bangladeshi taka against the US dollar for the third time in the space of a month as part of an effort to stabilise exchange rates.
On Wednesday, the Association of Bankers Bangladesh (ABB) and the Bangladesh Foreign Exchange Authorized Dealers Association (BAFEDA) decided to reduce the dollar prices by Tk 0.25. Consequently, the buying rate of dollars, including from exports, remittances, and interbank transactions, will stand at Tk 109.5, while the selling rate will drop to Tk 110.
The new rates are set to take effect on Dec 17, according to Abul Hashem, the executive secretary of BAFEDA.
BAFEDA and ABB have been determining dollar prices since September last year amid a rapid devaluation of the local currency.
Since Dec 2, banks have been purchasing dollars for Tk 109.75 and selling them for Tk 110.25.