The country's frozen food exporters expressed their concern over fixing the US dollar price. They termed the big difference between its rates as 'discriminatory', which would affect their export earnings.
The Bangladesh Frozen Foods Exporters Association (BFFEA) expressed their worries through a press statement on Thursday.
BFFEA President Amin Ullah, in the statement, requested the government to review the foreign currency rates.
The banks recently fixed the buying and selling rates of the US dollar to control the recent instability in the foreign exchange market.
Under the decisions reached with the regulator, all the authorised dealer (AD) banks would offer maximum Tk 108 per dollar to overseas exchange houses for receiving inward remittance.
The banks are allowed to fix rate at Tk 99 for procuring all types of export proceeds from the exporters, as per the decision - made by the Bangladesh Foreign Exchange Dealers' Association (BAFEDA), and the Association of Bankers Bangladesh (ABB).
The BFFEA said the huge gap between the buying and selling rates is 'discriminatory', and it should have been maximum one taka.
The exporters would be affected because of such unbalanced rates. They would be discouraged, and export earnings would decline, the association opined.
It also feared that the trend of under-invoicing would also increase due to the fresh move.
