Bangladesh Bank (BB) today asked foreign exchange houses not to purchase American greenback from the remitters at rates over the banks’ fixed rate of Tk 116 a dollar.
The instruction came from a meeting between the representatives of the top foreign exchange houses in Bangladesh and the officials of the Foreign Exchange Policy Department (FEPD) of the central bank held at the BB headquarters in Dhaka today.
The banking watchdog made the call nearly a week after directing banks not to buy US dollar from the remitters at rates over Tk 116.
In the directive issued on November 9, it was said that banks can offer a maximum of Tk 116 per dollar, including incentives for collecting remittance, as per the decision of the Bangladesh Foreign Exchange Dealers’ Association and the Association of Bankers’ Bangladesh.
Md Sarwar Hossain, director of FEPD, presided over today’s meeting where representatives of top 10 foreign exchange houses, including Western Union, Instant cash, MoneyGram, Small World, Transfast, Merchantrade Asia, Ria Money Transfer, Placid and NEC money transfer, were present.
Hossain, also the assistant spokesperson of Bangladesh Bank, told The Daily Star that the central bank has asked them to follow the rules and regulations for selling remittance to banks.
The Daily Star