Dhaka, Bangladesh (BBN) – The 18th Annual General Meeting of Bangladesh Foreign Exchange Dealers’ Association (BAFEDA) for the year 2011 was held in the capital Dhaka on Tuesday last.

Chairman of BAFEDA and Chief Executive Officer and Managing Director of Janata Bank Limited SM Aminur Rahman presided over the meeting which was attended by the Chief Executives/ Executives of its 45 member banks.

The meeting reviewed the over-all situation of inter-bank foreign exchange market and noted with satisfaction that a stable and orderly situation prevailed in the inter-bank foreign exchange market, a BAFEDA press statement.

The BAFEDA chairman urged upon all the banks to quote the agreed rate against inward remittance to their counterpart exchange houses abroad. The meeting also desired an ideal situation in respect of payment of accepted bills on due date, as per international norm, with cooperation of all banks.

BBN/SSR/AD-18Sept11-11:30 am (BST)