Friday, 7 October, 2022

Dollar Trading

BB fixes price gap for money changers

  • Staff Correspondent
  • 18 August, 2022 12:00 AM
  • Print news

Bangladesh Bank has fixed buying and selling gap (spread) of dollar for money changers in a bid to reduce the dollar crisis.

The retail price will be maximum Tk 1.5 higher than selling rate of dollar at commercial banks.

The decision came at a meeting between Money Changer Association and Bangladesh Bank at latter’s head office in the capital on Wednesday.

After the meeting, BB Executive Director Serajul Islam said the money changer companies can buy one taka more than the rate at which banks sell cash dollars in dollar trading.

“And the money changer can sell at a maximum Tk 1.5 higher than the bank rate. For this reason all banks will determine a uniform rate very quickly and BAFEDA will inform Bangladesh Bank,” he said.

Earlier, Bangladesh Bank held meetings with Association of Bankers Bangladesh (ABB) and Bangladesh Foreign Dealers Association (BAFEDA).