The central bank announced that exporters would be paid based on the dollar price that was in effect at the time the income was supposed to be brought back into the country, rather than the actual time the income entered the country, because some of the exporters were not timely bringing back their income from the exported goods.
The central bank, however, has since reversed that judgment and said that an exporter will get the dollar price at the exchange rate in effect at the time the export revenue enters the nation.
On Monday, the regulatory agency made this decision public by publishing a notification.
Consequently, in the event that an individual returns to the nation with their previous income, they will be compensated at the current Tk 117.5 dollar exchange rate.
Despite the two-year dollar crisis, the Bangladesh Bank has made a number of steps to ensure that export revenue reaches the nation on schedule, but the revenues are still not arriving on time.
There is potential for judicial action for money laundering if the income is not brought into the nation on time, but no such initiative has been seen.
