USD likely to become more market-driven from early 2025

As the price of the US dollar in Bangladesh is expected to become more market-driven from early 2025, the Bangladesh Bank (BB) plans to collect dollar transaction data by noon and publish an average rate daily. 

Banks exceeding the published rate in their transactions will face financial penalties.

To regulate remittance inflows, the central bank has capped the dollar exchange rate for remittances at Tk 123 per dollar. Executive Director and spokesperson Husne Ara Shikha stated that the exchange rate monitoring will be conducted through a centralized dashboard system.
According to BB, the central bank sources, daily dollar transaction data will guide the determination of a benchmark rate. Any bank charging more than the announced rate may incur fines ranging from Tk 1 million to 5% of the transaction value.