A bankers' summit meet is going to set rules on how to manage the ongoing volatility on Bangladesh's foreign-exchange market, in the cusp of a global financial crunch.
Officials say the central bank will sit with top bankers today (Thursday) with this contingency task on top of the agenda.
The issues of quoting rates to the overseas exchange houses engaged in remitting money alongside avoiding encashment of export proceeds of other banks' clients are expected to dominate the day's crucial discussions.
The Bangladesh Bank (BB) has already invited top leaders of the Association of Bankers, Bangladesh (ABB) and Bangladesh Foreign Exchange Dealers' Association (BAFEDA) to take part in discussion on latest forex situation at the joint meeting, according to the...