The recent introduction of a ‘crawling peg’ system allows banks to sell dollars at up to 2.5% above the intermediate rate of Tk 117, setting a maximum rate of Tk 120 for import settlements. During a meeting at Bangladesh Bank, the governor clarified this policy and emphasized the timely settlement of all foreign payments. The governor also called for proposals from banks to reform the banking sector, focusing on restoring order, managing LC debts, and ensuring the payment of government and other foreign obligations. The meeting included senior officials and managing directors from state-owned, private, and foreign banks.
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