Are certain groups taking advantage of the high inflation to make excessive profits when the majority of people are struggling to keep their everyday lives afloat in times of unprecedented price shock?
Highlights: The banks that follow verbal rules of BB are losing but those offering higher rates winning Banks are supposed to pay up to Tk110 per dollar for remittances According to bankers, some banks pay max Tk116 to collect remittances Exchange houses also compete among themselves to collect remittance They collect remittances at higher rates, sell
The safe-haven dollar edged higher on Tuesday, erasing earlier losses as risk appetite dwindled ahead of key inflation figures that could offer clues on how aggressive the Federal Reserve will be in its expected interest rate hike in September.