Remitters to get Tk 107 per dollar for sending fund thru banks
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Loading... - Nikhil Jha
- 03 Nov 2022
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Migrant workers and non-resident Bangladeshi will get Tk 107 per US dollar for sending the greenback through banks and exchange houses, according to a decision of the Bangladesh Foreign Exchange Dealers' Association (Bafeda) early this week.
The move comes as the flow of remittances, one of the main pillars of the economy, has been falling through formal channels for the last couple months.
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Bankers and analysts blamed money transfers through hundi or unofficial channels as banks were offering Tk 99 per dollar to remitters, which was much lower than the rates at the kerb market. Read More...
