BB takes new initiative to bring export earnings at home

The Bangladesh Bank has changed its decision regarding the exchange rate for exporters who delay in bringing back their export income. Instead of paying them at the rate when the income was supposed to be repatriated, exporters will now get the dollar rate applicable at the time of actually remitting their export proceeds. This move comes as the central bank continues its efforts to encourage timely repatriation of export earnings amid the ongoing dollar crisis in the country. US dollarFile photo