The exchange rate of US dollar has been increased by Tk1.0 and fixed at Tk 108 and Tk 106 for inward remittances and repatriation of export income respectively.
As a result, the remitter will get Tk 110.5 against a dollar including the government declared incentive of Tk2.5 and exporter will get Tk 106 against per dollar.
Till Sunday the price of a dollar against inward remittance was Tk107 and against repatriated export income was Tk105.
The decision was taken at a joint meeting of Association of Bankers Bangladesh (ABB) and Bangladesh Foreign Exchange Dealers Association (BAFEDA) on Sunday. The new exchange rate will be executed from Monday (May 1).
The meeting held at the head office of Sonali Bank was attended by the chairman of BAFEDA and the managing director (MD) and CEO of Sonali Bank Afzal Karim, Chairman of ABB and Managing Director (MD) of BRAC Bank Salim RF Hossain and Managing Directors of various commercial banks.
As per the previous instruction of Bangladesh Bank (BB), the exchange rate will be fixed by the ABB and BAFEDA consultation with the central bank.