Bank executives want help from BB to control dollar price

The market for the US dollar is becoming unstable day by day. Association of Bankers, Bangladesh (ABB) and the Bangladesh Foreign Exchange Dealers' Association (Bafeda) fixed the remittance exchange rate of per dollar at Tk116.

The bank executives have sought the cooperation of the Central Bank in implementing and controlling these fixed prices.

The assistance of was sought during an emergency meeting with the leaders of ABB and BAFEDA on Thursday (November 9). A total of 21 managing directors and executives of banks attended the meeting.

After the meeting, ABB Chairman also BRAC Bank MD Selim R F Hossain said a discussion took place on the ongoing banking situation. ABB and Bafeda set a dollar trading rate. Everyone will maintain the rate. According to the latest directions, the foreign income banks will not be able to pay more than Tk116 against one dollar in any case. However, the banks will have to sell the dollars at the rate of Tk111 highest to the importers.

The dollar market is going through a very difficult situation. We are working together with all stakeholders to bring stability in this sector, ABB chairman added.