DHAKA, Jan 02, 2025 (BSS) - Bangladesh Bank (BB) has asked banks to apply a maximum of Tk 1 as a spread between the buying and selling rates of the US dollar.
 
“Unusual spreads between buying and selling foreign currency result in discriminatory currency arrangements and multiple currency practices,” said a BB circular issued today.
 
Similarly, a uniform spot rate shall also be maintained for all selling transactions on a business day, it added.
 
The foreign currency exchange rate must be displayed on the screen of the banks, the circular also reads.
 
Besides, the central bank has instructed banks to show the exchange rates at the top of their websites and send foreign exchange transactions to the regulator on a daily basis.
 
Failure to comply with the instructions will result in punitive measures including financial penalties.
 
The banking regulator set the limit to ensure stability in dollar trading, according to a central bank official.