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Banks want to buy remittance at one rate

Banks are competing unethically in shopping for expatriates’ earnings or remittances to relieve the greenback disaster. The financial institution that could pay the best fee is getting the remittance. To resolve this problem, the banks have advocated solving a unmarried charge for purchasing remittances.

The banks made this advice withinside the assembly of Association of Bankers Bangladesh (ABB) and Bangladesh Foreign Exchange Authorized Dealers Association (BAFEDA) with Bangladesh Bank on Thursday (September 8). This statistics is thought from the reassets of the assembly.

Managing Director and CEO of Sonali Bank. Afzal Karim
At the stop of the assembly, Bafeda chairman and coping with director and CEO of state-owned Sonali Bank stated. Afzal Karim stated, we’re going to take such projects in order that the fee of the greenback does now no longer boom. Necessary steps could be taken to stabilize the marketplace. It desires some extra weeks. He stated that the greenback disaster will stop soon.

ABB Chairman Salim RF Hossain stated that there has been a dialogue approximately what form of coverage may be made withinside the destiny concerning the greenback marketplace. However, no selection has been finalized. He stated that a selection could be made among Saturday and Sunday.

He additionally stated that the present day account stability of our us of a could be very positive. The distinction has come right all the way down to a awesome extent. This deficit will lower in addition withinside the destiny. So he hopes that the greenback disaster will now no longer ultimate long.

City Bank Managing Director Mashroor Arefin

After the assembly, City Bank Managing Director Mashrur Arefin stated that the tripartite assembly will preserve for some other 2-three days. We are looking to recognize the actual marketplace situation. The selection could be acknowledged after the verification.

Incidentally, six banks have been summoned for rationalization some days in the past for making extra income through promoting bucks. The valuable financial institution has despatched letters to 6 extra banks in search of clarification. Some banks are imagined to have made as much as 770 percentage income on greenback sales.

The 6 banks which have despatched new letters are United Commercial Bank (UCB), NCC Bank, Mercantile Bank, Dhaka Bank and Bank Asia and overseas multinational The Hong Kong and Shanghai Banking Corporation-HSBC.

A letter has been despatched to the coping with administrators and leader executives of those banks on Wednesday (September 7) night. Spokesperson of Bangladesh Bank. Sirajul Islam showed this statistics.

Earlier, Bangladesh Bank had sought an evidence from six banks on allegations of immoderate income on bucks. They are BRAC Bank, Dutch-Bangla Bank, Prime Bank, City Bank, Southeast Bank and Standard Chartered Bank of the overseas sector. The valuable financial institution ordered to eliminate the pinnacle of the treasury branch of those banks.

Due to boom in imports and reduce in expatriate earnings, the United States greenback disaster has arisen withinside the us of a. As a result, the fee is growing day through day. On the alternative hand, the cost of the rupee is falling towards the greenback. The valuable financial institution is promoting bucks to business banks at Tk 95, up from Tk eighty five ultimate August.

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