Business Desk :
After setting a cap on the gap between the buying and selling rates of the dollar against the Bangladesh currency in banks, the central bank has now fixed a ceiling on the profit by money changers.
The foreign exchange companies can now sell the dollar at a maximum of Tk 1.5 over the banks’ selling rate, Bangladesh Bank spokesman Serajul Islam said after a meeting with the Money Changers’ Association on Wednesday.
The foreign exchange dealers will soon set a uniform rate for the banks to enforce the new ceiling for the money changers.
The central bank capped the difference between dollar buying and selling rates at Tk 1 for the banks in a meeting with foreign exchange dealers and bankers on Aug 14 amid a lingering crisis over the supply of the greenback.
Foreign exchange reserves in Bangladesh slipped below $40 billion in July from $45.51 billion a year earlier. The government has announced a series of austerity measures, including curbs on the imports of luxury goods, to preserve dollars.
