Photo: Collected-
Metropolis Desk-
According to IMF rules, Bangladesh wants to achieve a single exchange rate.
The dollar rate for exporters will increase by Tk0.50 to Tk107.50, while the rate for remitters will stay at Tk108.50, according to an agreement between the Bangladesh Foreign Exchange Dealers Association and the Association of Bankers, Bangladesh (ABB).
The taka will be devalued by the central bank by the third quarter of this year.
Market rates are used to adjust the exchange rate, which is advantageous to exporters and remittances.
By the third quarter of 2023, it is anticipated that a competitive, market-based floating, flexible, and harmonized exchange rate system will be in place.
