Exporters to Get Slightly Higher Rate of Tk 102 for One US Dollar

Exporters will get Tk102 against a US dollar to repatriate their export income.

The Association of Bankers Bangladesh (ABB) and Bangladesh Foreign Exchange Dealers’ Association (BAFEDA) announced the new dollar rate for exporters effective Monday, reports UNB.

This is up by one taka from the earlier rate of Tk. 101 per dollar.

The leaders of ABB and BAFEDA held a meeting on Sunday night to determine the price of the dollar. It decided to increase the rate for export income, but the price of the dollar was kept unchanged in the case of payment of expatriate income and import duties.

As per the new decision, exporters will get Tk1.0 more against each dollar. And in terms of expatriate income, the dollar price has been kept unchanged at Tk 107.

Apart from this, the value of the dollar will be Tk 0.50 more than the average of expatriate and export earnings in terms of payment of import duties.

At present, the price of the dollar in expatriate income is Tk107 and that for export income is Tk102.

As a result, the average of expatriate and export income is Tk104.5. Adding Tk0.50 to this average will be Tk105 per dollar of import bills.

The greenback has been in short supply since March last year following Russia-Ukraine war that jolted global economy.