Following a meeting between the Association of Bankers, Bangladesh (ABB) and the Bangladesh Foreign Exchange Dealers’ Association (BAFEDA) on 30th November, the export proceeds dollar price raised by Taka 1 to Taka 101 even as the exporters have been availing the same from 4th December.
This is as per media reports which added a circular issued by the BAFEDA in this regard maintained all export proceeds and other inward remittances including commercial remittances (other than wage earners and white collar NRB’s remittances) will be bought by banks at a fixed rate of Taka101 per dollar.
Meanwhile, speaking to the media, BGMEA Vice-President Shahidullah Azim reportedly said the banks started to provide dollars at Taka101 for export proceeds but for payments against raw materials import, it is Taka 107-Taka 108 per dollar.
It may be mentioned here that this is the third time the dollar price for export proceeds has been increased.
