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Source: The Daily Star
Bangladesh Bank Governor Abdur Rouf Talukder announced today that the central bank will create the country’s own debit card by August, allowing holders to make payments both at home and in India.
Currently, travelers must purchase US dollars prior to their trip to India and convert them into rupees once they arrive in the neighboring nation.
As a result, they face a double exchange rate loss, which may be as high as 6%, according to the governor.
Holders of the unique debit cards will be able to make payments in both India and Bangladesh, he said, adding that the cards will be issued by banks and other institutions.