Bangladesh Bank Headquarters

Dhaka, Bangladesh (BBN) – The central bank of Bangladesh is going to meet with senior officials of three foreign commercial banks (FCBs) today (Monday).

The three FCBs are Standard Chartered Bank (SCB), HSBC and Citi N.A.

The latest trend in the country’s foreign exchange (forex) market particularly BC (Bill for Collection) selling and TT (Telegraphic Transfer) clean rates will be discussed at the meeting, according to officials.

“The issue of ‘corporate deal’ may be discussed at the meeting,” a senior official of the Bangladesh Bank (BB) told the BBN in Dhaka.

The central bank has been informed about the ‘corporate deal’ that is influencing for fixation of BC selling rate by the banks in the forex market.

Currently, a section of banks including foreign ones are buying foreign currency of other banks’ clients offering higher rate in the name of ‘corporate deal,’ the central banker explained.

“It should be stopped immediately to ensure the forex market stability,” he said without elaborating.

BBN/SSR/AD