Banks asked to set USD spread

 

 

The Bangladesh Bank today requested banks to set a spread between the trading pace of the US dollar to reestablish dependability in the unfamiliar trade market.

The move is pointed toward keeping banks from selling dollars citing a higher rate to shippers than the value proposed to exporters. A spread alludes to the distinction between the purchasing and the selling rates.

As of now, banks sell a US dollar for up to Tk 108 to shippers despite the fact that they buy the greenback at Tk 94 from exporters. This implies the spread is Tk 16.

The BB took the choice at a gathering with the Bangladesh Association of Bankers, a foundation of overseeing heads of banks, and the Bangladesh Foreign Exchange Dealers' Association (BAFEDA), which contains loan specialists participated in unfamiliar money exchanging.