Bangladesh Bank fines treasury heads of 10 banks for selling dollars at high prices

Bangladesh Bank launches currency swap with commercial banks: New system effective immediately

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Under this deal, banks will get immediate money in exchange for surplus dollars. Then, upon returning the money after the specified time, commercial banks will receive the dollar equivalent amount from Bangladesh Bank.

According to relevant sources, currently commercial banks exchange dollars and money with each other for their needs. Now the swap facility with the central bank has started.

The central bank said that a minimum of $50 million or its equivalent can be exchanged under this system.

The central bank will enter into an agreement with interested banks to avail of currency swaps.

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