Regulatory Alerts2025-02-09
Added
Flexibility in exchange rate management
Authorized Dealers in Bangladesh may vary spot exchange rates from transaction to transaction within a single business day, provided movements remain within the prescribed band of the crawling peg mid rate as guided by Bangladesh Bank. This directive amends previous requirements for uniform spot rates by introducing this flexibility. Authorized Dealers must continue to observe standard reporting routines to Bangladesh Bank.
Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka www.bb.org.bd
FE Circular Letter No. 08 Date: February 09, 2025 Head offices/principal offices of all Authorized Dealers in Bangladesh Dear Sirs, Flexibility in exchange rate management Please refer to FE Circular No. 01 of January 02, 2025 regarding the spread between buying and selling, and uniform spot rates of foreign currency, inter alia. 02. To bring flexibility in exchange rate management, it has been decided that spot exchange rates may vary from transaction to transaction in a business day, subject to movement within the prescribed band of the crawling peg mid rate, as guided by Bangladesh Bank from time to time. ADs are advised to adhere to the above instructions in exchange rate management. As usual, ADs shall observe reporting routines to Bangladesh Bank. Yours faithfully, (Monoar Uddin Ahmed) Director (FEPD) Phone: 9530119