US dollar

All banks will purchase dollars from expatriates at maximum Tk 108 per dollar while Tk 99 in cashing export revenue and Tk 104.50 in settling the import letter of credit.

The top leaders of the Association of Bankers Bangladesh (ABB) and Bangladesh Foreign Exchange Dollar’s Association (BFEDA) decided this in a meeting on Sunday evening at Sonali Bank’s head office at Motijheel in Dhaka.

The newly set price will be effective from Monday. BFEDA Chairman Afzal Karim told the newsmen that all banks will maintain the price.

Following the meeting, ABB chairman Salim RF Hossain said the price will be changed from time to time. He hoped that stability will return in the market through this initiative.

The new price has been fixed in line of the dollar price so there is no more reason to increase the price. Bangladesh Bank will oversee and review this marketwise price, he added.