Dhaka, Bangladesh (BBN) - Treasury heads of all the scheduled banks have adopted six-point decisions to help curbing the inflationary pressure on the economy through bringing stability in the country’s foreign exchange (forex) market.
The treasury heads took the decisions at a zoom meeting on Thursday.
As per the decisions, the banks will quote exchange rate maximum at BDT 120 each US dollar or equivalent in other currencies to exchange houses.
Others inter-bank cash dollar rate and the exchange rate for importers will be same at BDT 120 per dollar.
Under the decisions, the banks will follow the central bank’s instruction on encashment of export proceeds.
Besides, the treasury heads will meet once or twice a week to monitor implementation of the above decisions and share views on market condition.
Later, a committee will be formed to monitor the market rate movement, escalate deviation, if any and also to coordinate among banks for development of an effective forex market.
BBN/SSR/AD