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Speaking at the event, researchers and economists said allowing the Bangladesh Foreign Exchange Dealers Association (Bafeda) and the Association of Bankers Bangladesh (ABB) to fix the exchange rate is unacceptable.
Businesses on Sunday expressed concern about facing higher costs of dollars than the official exchange rate when opening letters of credit (LCs), urging the Bangladesh Bank to issue a directive to address the issue. "Businesses are unable to open LCs due to the dollar crisis.