Dhaka, Bangladesh (BBN)- The Bangladesh Foreign Exchange Dealers’ Association (BAFEDA) is likely to meet the central bank shortly to discuss for bringing back normalcy in the country’s foreign exchange market.
The decision was taken at a meeting of the executive committee of the Association held at its office in the capital Dhaka on Wednesday with its Chairman SM Aminur Rahman in the chair.
“We’re watching the forex market closely. We’ll meet the central bank in this connection if required,” a senior member of the BAFEDA told BBN, adding that the BAFEDA reviewed the country’s overall forex market situation cautiously during the meeting.
The BAFEDA’s decision came against the backdrop of rising trend of inter-bank US dollar rate in the recent days following higher demand for the greenback to settle import payments by the commercial banks.
BBN/SSR/AD-24Mar11-12:05 am (BST)