Dhaka, Bangladesh (BBN) – The central bank of Bangladesh will sit on Wednesday with chief executive officers (CEOs) of all commercial banks to discuss recent rising trend of the US dollar rate in the foreign exchange market, officials said on Tuesday.
“The central bank will sit with the CEOs of all commercial banks to discuss overall forex market situation,” a senior official of the Bangladesh Bank (BB) told BBN without elaborating.
The BB’s latest move came against the backdrop of rising trend of exchange rate of US currency in both inter-bank foreign exchange market and at customer’ level.
The US dollar was quoted at average BDT 75.9998 on Tuesday for bills for collection (BC) selling for opening letters of credit (LCs) against imports. It was quoted at BDT 74.75 nearly one month back, market operators said.
The greenback was quoted at BDT 75.41-BDT 75.44 on the day in the inter-bank foreign exchange market. It was over BDT 74.00 in early last month, they added.
“The US currency has gained over BDT 1.0 against the local currency in both inter-bank foreign exchange market and customers’ level in the last one month to meet the growing demand for the greenback,” a senior treasury official of a commercial bank said.
BBN/SSR/AD-04Oct11-9:32 pm (BST)