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Banks will buy remittance dollars for Tk 108

Own Correspondent, Dhaka, Sept 12: The commercial banks have determined the maximum dollar price for the import, export, and remittance of the banks. From now on, if expatriates send remittances through banking channels in the country, the bank will pay a maximum of Tk 108 per dollar. If government incentives of Tk 2.50 are added, it will be Tk 110.50.

Bafeda, ABB likely to set uniform dollar rate on Sunday

Own Correspondent, Dhaka, Sept 9: There is a kind of competition between banks in buying remittances from expatriates. This situation has arisen recently due to dollar crisis in the country's market. In this case, the bank that can pay the highest price is the bank that gets the remittance. As a result, there is a kind of instability in the market. To solve this problem, the banks have recommended fixing the same price in the purchase of expatriate income or remittances.