Business Desk :
A uniform exchange rate of the dollar will be set for all banks to ease volatility in the foreign exchange market.
The decision was taken at the tripartite meeting that the Bangladesh Bank held with Bangladesh Foreign Exchange Dealers Association (BAFEDA) and Association of Bankers, Bangladesh (ABB) on Thursday.
ABB and BAFEDA will set the exchange rate everyday and take verbal consent from the Bangladesh Bank, said meeting source.
The new system will come into effect from Sunday. Currently different banks have different exchange rates.
The meeting also decided that exporters can encash their foreign earnings with their dealer banks so that they cannot sell dollars at high prices to another bank.
