Home Apparel Dollar rate for export proceeds raised to Tk 108.50

Dollar rate for export proceeds raised to Tk 108.50

The exchange rate of the US dollar has increased by Tk 1 for export proceeds as well as Tk 0.5 for remittance and inter-bank transactions.

Local newspapers say the new rate is effective from Tuesday.

From Tuesday, exporters will get Tk 108.50 per dollar instead of Tk 107.5. The rate of a dollar will be Tk 109 for remittances and Tk 109.5 for interbank transactions.

The adjustment of dollar prices was announced after a meeting of the Bangladesh Foreign Exchange Dealers Association (BAFEDA) and the Association of Bankers, Bangladesh (ABB) on Monday.

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