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Bafeda Intervenes to Control Dollar Crisis in Bangladesh


Bangladesh Foreign Exchange Dealers Association (Bafeda) in a meeting on Tuesday set the exchange rate of US dollar at Tk 66 for import payments and Tk 65.50 in inter-bank trading. In the last few weeks the value of Taka against Dollar dropped significantly. Bafeda intervened to stabilize the situation. Some local private commercial banks opposed the move.

Matiur Rahman Choudhury has more on the story.

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