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Bangladesh Knitwear Producers and Exporters Affiliation (BKMEA) govt president Mohammed Hatem made the request to the central financial institution in a letter.
Bangladesh knitwear exporters not too long ago known as for re-fixing the US greenback charge upward at Tk 110.70 every from Tk 99 to encash export proceeds as in case of remittance earnings. The step would assist them survive amid native and international shocks and preserve concord between export and import charges. The buying-selling hole shouldn’t be greater than a taka, they mentioned.
The sector’s manufacturing price has gone up considerably with the rise in international costs of oil, transportation, uncooked supplies and different logistics, and because of this, it has turn into robust to make the specified revenue by way of exports, bangladeshi media studies cited the letter as saying.
The exporters are additionally incurring big loss because of the distinction between import invoice funds and export proceeds encashment in greenback, Hatem defined, providing 4 proposals to carry concord in imports and exports.
These embrace consulting BKMEA, the Bangladesh Garment Producers and Exporters Affiliation (BGMEA) and the associations of bankers and overseas alternate sellers whereas fixing greenback charges.
Greenback alternate charge for the exporters is Tk 99, whereas the banks are paying at a charge of Tk 105-106 for back-to-back letter of credit score (LC) or different import payments.
The Bangladesh Textile Mills Affiliation (BTMA) additionally made an analogous request final month.
Fibre2Fashion Information Desk (DS)
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