Buying a piece of land is a lifelong dream for many. While it might sound like any other transactional purchase, there are a lot of factors associated with buying land. Whether it’s the price, location, ownership, and even taxes – a potential buyer has to consider a lot of aspects before heading on to purchase land. There are also instances of fraudulent transactions and joint ownership. So, what’s the best way to purchase land? And what should be the prime considerations before purchasing land? Let’s find out. Is Purchasing Land a Good Investment? There’s a saying that land is one of the most secure investment options. While the inflation rate is increasing day by day and the value of currency is decreasing, investing in a tangible asset like land is rationally a good investment. But that investment also depends on several factors. Location Location plays a huge role in the overall ROI from land purchase. A simple example will make it obvious. A survey shows that between 1990 to 2010, per katha land in the Gulshan area has seen a price increment of over 1036%. And the story is somewhat similar in all the urban areas across the country. Read More: Shares vs Bonds: What is the Ideal Investment Opportunity  Zoning Regulations The price of land also depends on the zoning regulations. For example, there might be zoning regulations for commercial, residential, and office spaces. Some areas might have zoning against new developments. It’s important to check the zoning regulations before purchasing land. Intended Use The type of land also factors in the investment decision. For example, land suitable for agricultural production will have less value compared to land intended for residential use. So, make sure to have the right pricing strategy while buying land. Upfront Cost Land purchase is not as simple as just another transaction. Upfront costs regarding the survey, registration, and taxes are something that should be factored in as a total cumulative investment decision. Read More: Making Investment Decisions: Factors to consider when investing money Long-Term Investment Purchasing land as an investment is a long-haul game. Land prices do not appreciate overnight. It might be years or decades before there is a substantial increment in value. So long-term commitment should also be considered while investing in land. Factors to Consider Before Buying Land There are several factors to consider before purchasing land. Usual pricing and market overviews aside, a person should consider several aspects of ownership and transfer of ownership of an immovable property like land. Record of Rights/Ownership Rights The ownership of land is documented in several government documents issued by the land office under the Ministry of Land. These documents are the legal tender that verifies the ownership as well as the ability to transfer the ownership to a different person. Read More: Plot vs Apartment: Which is the Better Investment Option? To ensure there are no fraudulent activities associated with the land, the relevant documents should be checked by a land lawyer. Sales Deed The sales deed is the document outlining the ownership of the land through generations. The detailed sales deed can be found in the sub-registry office of the local area. A person can obtain a certified copy of the sales deed by paying the government stipulated fees. At least 10 to 25 years of sales deed should be checked to ensure that there is no ownership-related issue with the land. In the case of inheritance, the inheritance deed (“Bontonnama”) should also be checked. Read More: Apartment Buying Mistakes to Avoid to Secure Your Investment Khatiyan/Porcha The “Khatiyan” and the “Porcha” are the records of rights prepared by the land authority against the actual ownership of the land. The Khatiyan or Porcha should be cross-checked with the sales deed to determine the authenticity of the ownership of the land. There are two types of Khatiyan – draft and certified. It is better to avoid a draft Khatiyan. Regulation on Land (Khas/Auctioned/Unapproved) The local land office (Tohsil) should also have information on whether the land has been auctioned before or not. In such cases, the Government Claim Act 1993 Section 7 can bar anyone from buying or selling such land. Read More: Is Gold a Good Investment in 2023? The auction information can be found on the footnote of the Khatiyan if the land ever went for auction. A potential buyer should also check whether the land is “Khas” or unapproved land. Many lands fall under Khas (government owned), abandoned, unapproved, or approved for acquisition. Sometimes people with forced acquisition (“Dokhol”) try to sell these lands as authentic Khatiyan cleared lands.  The information on the condition of the land can also be found in the DC office upon payment of a small government fee. Any land which falls in any of the categories above should be strictly avoided. Read More: Is Sanchayapatra a Good Investment in 2023? DAG DAG is the land office registry of the area of land under the ownership of the record of rights. A potential buyer should crosscheck the DAG measurement mentioned in the records with the actual property space. Legal Issues The property should also be crosschecked to see whether there are any ongoing legal issues with the land or not. If there is a building on the said land, documents of construction and permits of the building should also be checked to see whether they meet the regulations or not. Transferable Duties There are several costs associated with the transfer of the property. First of all, the non-encumbrance certificate should be obtained as the primary preamble to start the process of handing over the property. Read More: Investment: What Factors to Consider before Investing Money? After that, a legal stamp should be signed outlining the handing over of the property. This stamp is usually valued at 3% of the property valuation. Then the property has to be registered under the new owner in the sub-registry office. To make sure there are no future issues with the transfer, the Khatiyan, Porcha, and sales deed should be updated as soon as possible. This will help to ensure that there won’t be any legal troubles when the land is sold again.  Final Words Land ownership is not a straightforward process. There can be issues with ownership defrauding, inability to transfer, and litigations. Thankfully, there are also steps to properly check for information before purchasing any piece of land. While these processes of investigation may be cumbersome and often require fees, it is still recommended to absolutely check for their authenticity before purchasing any land. Read More: Investment Guide: How Bangladeshi Youths Can Invest money and Create Wealth?

Bangladesh’s export earnings hit a record high of $52.08 billion in FY22. However, inflation and economic slowdown across the world impacted the country's export earnings. Though clothing is the main export product of Bangladesh, the export basket includes many other products that contribute significantly to the economy. Let’s take a look at Bangladesh’s top export products. 10 Major Exportable Products of Bangladesh Bringing Highest Earning  Besides the apparel industry, small factories of various export products have been developed in all corners of the country by private initiatives. Here are the product categories that bring the highest foreign exchanges for Bangladesh. 1. Readymade Garments In Fiscal Year (FY) 2021-2022, the export value of Bangladesh’s Ready-Made Garment (RMG) sector reached an estimated $31.46 billion or approximately Tk. 3,33,639 crore (the exchange rate is equivalent to Tk. 106.05), which was a growth compared to the previous year’s figure of $27.95 billion or approximately Tk. 2,96,415 crore  (the exchange rate is equivalent to Tk. 106.05). Read More: BGMEA, SOWTEX to help connect more Bangladeshi RMG exporters with Indian textile suppliers The RMG exports of Bangladesh comprise a wide range of knitwear and woven garments, including shirts, pants, T-shirts, jeans, jackets, and sweaters. Notably, the Export Promotion Bureau (EPB) statistics indicate that knitwear products saw a remarkable rise of 36.88% to $23.2 billion, or approximately Tk. 2,46,040 crore, outstripping woven garments, which increased by 33.82% to $19.4 billion or Tk. 2,05,741 crore approximately. This surge in the apparel industry has had a great impact on Bangladesh’s economic development. The major foreign markets for Bangladesh’s RMG exports in FY22 were the United States, the United Kingdom, Germany, Italy, France, Spain, the Netherlands, Canada, and Belgium. 2. Jute and Jute Products Bangladesh is one of the leading exporters of jute and jute products in the world. The country has a long history of jute cultivation and manufacture, dating back to the colonial era. Bangladesh’s jute industry is in the middle of a period of immense success. Read More: Export of jute products a boon for Satkhira women.

The experts have said education has to be modernised and technology-based to get a skilled workforce to face the 5th industrial revolution. They were speaking at the webinar "5th industrial revolution and importance of entrepreneurship in Bangladesh's perspective" organised by the Dhaka School of Economics, a constituent institution of Dhaka University, Sunday. Professor Muhammad Mahboob Ali, the coordinator of the entrepreneurial economics programme at the Dhaka School of Economics, chaired the webinar. Read: In search of future entrepreneurs: iDEA Project to launch Startup Compass Tuesday The 5th industrial revolution is helpful for the present government's vision of building a Smart Bangladesh, where a smart humanistic approach may be included as the fifth pillar, he said. Sardana Khan, a lecturer at Australia's CQUniversity, said the job market should be thought of internationally. "The students should not limit their choices to the local job market only." Professor KS Gupta, a higher education expert from India's Bangalore, was present at the event as the chief guest. Shamima Haque, assistant professor at Techno Main Saltlake in India, delivered the keynote presentation at the event.

The iDEA Project of Bangladesh Computer Council under the ICT Division will launch the Startup Compass campaign to find future entrepreneurs. The IDEA Project will host the opening ceremony of the campaign at the Daffodil International University in AshuliaTuesday where the application process for Startup Compass will be presented. ICT Division Senior Secretary NM Zeaul Alam PAA will inaugurate the programme as the chief guest. Read: EBL brings prepaid cards for students, teachers, youth This campaign will run in eight divisions of the country. It will be held at more than 45 public and private universities. The iDEA Project hopes to get a positive response from young and budding entrepreneurs through Startup Compass.  

The government is borrowing from banks to pay the interest on the previously sold saving certificate amid a decline in sale of the saving bonds due to rising cost of living, according to an official document. According to the updated data of the National Savings Directorate, the net sales of savings certificates in the first four months (July-October) of the current fiscal year 2022-23 have been negative at Tk 632.59 crore. With the amount of savings tools sold in the four months, it was not possible to pay the interest-principal of the savings certificates invested earlier by the customers. On the contrary, Tk632.59 crore has been repaid by the government from its treasury or by borrowing from the banking system. With the reduction in interest rates and various austerities, the sale of savings certificates has come down to rock bottom. Because of that, the government cannot take any loans from this sector to meet development activities and other expenses. On the other hand, the interest and principal of the saving certificates which was sold earlier have to be paid by borrowing from banks. However, the net sale of saving certificates during July-October last fiscal year 2021-22 was Tk 9324.65 crore. In other words, in the four months, Tk9324.65 crore was deposited in the government's treasury even after paying the interest and principal of the customers. The government spent this money on development activities and other expenses. Economist Ahsan H. Mansur, executive director of the Policy Research Institute (PRI) said, "Due to reduced interest rates and the imposing of various restrictions the sale of safest investment savings bonds to the common people has decreased.” As a result, the net sales have been negative and the government has to pay the interest, and principal from the treasury, he said. He said, "The prince saw a drastic rise. Inflation is over 9 percent. Costs have increased in all other sectors including transport, education, and medical. This has reduced people's ability to save. This is affecting the sale of savings bonds.”

RFL's toy brand Playtime has brought the Mini Cooper Car toy for children. RN Paul, managing director of RFL Group, unveiled the Mini Cooper Car in Dhaka recently. Read more: PRAN-RFL group wins six trophies for its export prowess. Kazi Rashedul Islam, executive director of Playtime Toy, said: "Currently, the trend of using different types of electric toy cars has increased among children. That is why we have launched this product." "This car can be used through remote control and be operated through an app. It can be used for more than four hours with a single charge. The maximum retail price of RFL Mini Cooper Car toy is Tk16,000," he added. Read More: Safe Toys for Children: Tips to avoid harmful playing objects

According to  BTRC, at the end of December 2021, the total number of Internet subscribers had reached 123.82 million.If you want to expand your small business, you cannot afford to overlook SEO.  Investing in website optimization will provide several significant benefits. Small business SEO is not the same as local SEO, which helps businesses appear in location-based rather than global results. Some small businesses, on the other hand, may hope to benefit from local traffic; if this is the case, your small business strategy will include local steps. Having an online presence for your company is unusable if it does not generate sufficient leads. Often, staying on page one is not enough to guarantee success. To generate more leads, you need both online and offline clients. Because of search engines, potential customers now have greater market control. Read: Share Market Investment Guide: How to Invest in Stocks in Bangladesh Your goal is to convert these potential customers into paying customers for your company. SEO, on the other hand, will not perform selling tasks. It drives traffic to your website, and your sales team will deal with the rest. What exactly is Local SEO and how does it function? Local SEO is a marketing strategy that assists local companies in being more visible in Google's local search results. It is performed by companies that wish to be more readily discovered online by local customers. If you want to offer items or services to people in a certain town or city, you must understand local search marketing. This sort of SEO, when performed correctly, helps a local company appear more prominently in the Local Pack, the Local Finder, the localized organic results, and on Google Maps. Read: Making Investment Decisions: Factors to consider when investing money Why do We Need to Invest in Local SEO? Attracting customers within one's own market is a major challenge for many business owners. Businesses emerge from their immediate surroundings and then expand over time. Local SEO services are now an important component of comprehensive digital marketing strategies. We'll go over the six reasons why your company needs an effective local SEO strategy. Promoting Business on Social Media Is not enough Social media can reach prospective consumers and boost business exposure. It is risky since you have no control over it. You can customize your profile and write your own postings, but you're utilizing someone else's platform to promote your business, so your destiny is in their hands. Your social media account isn't yours. It is just one of the road if your online success is converting target audience members into paying customers. Highly Specific SEO lets you bring your content, web pages, and more in front of individuals looking for relevant keywords, phrases, and concepts. One of the most significant advantages of local SEO is that because local traffic is so specific, businesses can position their brand more effectively. Local searchers are frequently looking for a particular type of business in their area, and using local SEO services allows businesses to reach that ideal target audience within their region. Read: How to Buy Stocks: 10 Key Factors to Check Timely If you want more people to see your website and company when they search for it online, SEO is what you need. Local SEO searches are also convenient. Queries are frequently made with the intention of visiting a business or purchasing a product that day. This means that utilizing local SEO services allows businesses to connect with high-value, purchase-ready buyers. Mobile Access About 70% of all internet users access the web through their mobile devices. If the vast majority of your clientele uses mobile devices for web browsing, failing to optimize for these users might lose you a great deal of potential business. SEO can also help your business' mobile presence. You'll attract local buyers who are searching for a product or service on their smartphone while on the go, reaching an audience that is already traveling and looking for a specific product or service. Connect with Google My Business Only 44% of businesses have claimed their Google My Business listing. Working with local SEO experts will ensure that your profile is designed to attract qualified local buyers. The process will give you an advantage in the local market and keep your company at the top of the search results for high-value searchers. Read  More: ​​​​​​​Neuromarketing: How brands psychologically manipulate the consumers ROI (Return on Investment) SEO-generated leads have a conversion rate of 14.6%, whereas conventional marketing leads have a conversion rate of only 1.7%. The worth of local SEO is obvious. Local digital strategies, unlike newspaper advertising or radio marketing, are based on tangible, actionable data that can ensure your company achieves a return on investment over time. Local SEO experts can create a strategy for you based on client actions and proven data to achieve effective results. Local Competition Companies are becoming more adept at digital marketing. They are reaching out to local audiences through their website and social media platforms, and your company must respond if it is to remain competitive. Working with qualified SEO experts allows you to implement strategies that strengthen your organization's brand reputation and protect it from changing trends. Getting Started with Local SEO It is critical to understand what your target market types in search engines when looking for your product or service. It can be extremely beneficial to understand how people repeat their terms and phrases. Including such phrases/keywords in the content of your website will result in your page ranking high in the SERPs. Read More: How to Transform Your Freelancing Career into a Scalable Business? There are aspects of SEO that are boosted locally that you need to get right, such as the following: -Create and optimize your presence on Google My Business. -Identifying the best keywords and topics to focus on for your seo campaign. -Improve your website's performance by optimizing the URL, title tags, headers, meta description, and content. -You must ensure that your technical SEO is flawless. -Making sure the material is of the best quality possible. -Gaining Google's attention by attracting quality backlinks to your site. -Improve your visibility in web directories and citations. -Your NAP (Name, Address, Phone Number) information must be consistent across all of the sites that connect to you, so double verify it and start using it. -To be successful, local SEO requires a dedicated strategy. Read More: YouTube Affiliate Marketing: Tips to build a successful channel 

When it comes to investing, people usually look for effective strategies to make money. Some investors choose real estate, and mutual funds and others prefer stocks or bonds. Stocks can be a great choice for both short-term and long-term investments. Investing in stocks not only gives you the scope to make money but also makes you the owner of a part of a company. There are a few things to consider when selecting stocks for any company. 10 Essential Criteria to Consider for Selecting Stocks For non-technical common investors, understanding stock market fluctuations is difficult. If you want to buy a stock, you must keep in mind some factors. Here are 10 factors you need to know, according to experts. Company Background Analisis   Buying shares in a company means buying partial ownership of that company. So proper review of the qualitative aspects of that company is very important. You will need to check whether the company’s products or services are popular with its customers. Besides, don’t forget to check who is managing the company.  Read More: Shares vs Bonds: What is the Ideal Investment Opportunity You can do a Google search or ask people you know about how the company’s managers are—whether they are trustworthy as your partner or not. Also, look for what is the competence, integrity, and innovation of the company’s managing director and other senior officers—their qualifications, training, business success, and more. Price-to-Earnings (P/E) Ratio The price-earnings ratio is a measure of how many times a company’s shares are selling for its earnings. If the earnings per share of a company are Tk5, and the market price of the share is Tk45, then the price-earnings ratio will be 9. This means that if the company distributes all of its earnings as dividends, it will take 9 years to recover the invested money.  But if the market price of the share was Tk 100, then the price-earnings ratio or PE ratio would be 20. That is, if the company’s income stream remains unchanged, it will take 20 years to return the investment. The market average P/E ratio is 20-30. The lower the PE ratio, the lower the risk of the investment. Read More: Share Market Investment Guide: How to Invest in Stocks Net Asset Value Per Share Before buying a company’s share, check asset value per share. There should be an adjustment of the market price with this. However, unless the company goes into liquidation, the investor does not really care about the asset value.  Only shareholders can get a portion of those assets when the company is bankrupt. In this case, the bank loan and other dues are paid off before the sale price of the asset. After that, anything left over is distributed among the shareholders. Earnings Per Share Check the Earnings Per Share (EPS). However, it depends on the company. The more it is, the better. Higher EPS means higher dividend potential. If the EPS is low, the dividend potential is also low. Read More: Saving vs. Investing Money: Know the Pros and Cons. Capital Utilization Efficiency of The Company A company that can invest more of its capital in more profitable projects is expected to benefit its shareholders. On the other hand, if a company invests a lot of capital in a less profitable project, its profits and share price have less possibility to improve.  For example, banks that have invested more capital in mobile banking or digital banking projects over the last 10 years have done much better in terms of profits and share prices than banks that have invested in stock brokerage projects. Balance Sheet Generally, companies whose financial debt is much higher than their total assets (over 60-70%) have a higher risk of losing their shareholders’ capital. So, one should be careful while investing in such companies. Read More: Is Sanchayapatra a Good Investment in 2022? Total Number of Shares Before you buy stocks of any company, check their total number of shares and see how much it floats. According to the demand-supply formula, if the number of shares is low, its price is more likely to increase. On the other hand, if the number of shares is more, it is more readily available in the market.  In addition to that, it is better to buy shares that are traded regularly. Because if you need money on an urgent basis for any reason, it is possible to collect money easily by selling shares. But if you invest in shares that are not traded regularly, it is not possible to withdraw the investment on an emergency basis. The Ratio of Authorized Capital to Paid-Up Capital Issuance of bonuses and right shares is quite difficult if these two capital amounts are close. In this case, the company should increase the authorized capital earlier. Investors with a particular inclination towards bonus dividends should take note of these factors. A rule of thumb is that paid-up capital can never exceed authorized capital. Read More: Plot vs Apartment: Which is the Better Investment Option? Dividend Yield The market value of the shares may be higher than the face value in most cases. Hence the dividend rate does not indicate the actual return. The dividend yield is the exact return of shares, which is the percentage of dividends received on the investment based on market value. The dividend yield ratio is obtained by multiplying the declared dividend by 100 and dividing it by the market price of the respective shares. The higher the yield, the higher the investor’s earnings. Track Record Check the company’s last 3-4 years' track record. See how much it pays in dividends. Also, check the annual average price and try to buy shares close to this price. Read More: Is Gold a Good Investment in 2022? Final Words So far, we have shared what to consider before buying stocks or shares. When buying a stock, remember profit must be ensured at the time of buying, not at the time of selling. That is, if you can buy shares at a good price, there will be a good chance of good profit. If you buy a share at a high price, the profit potential will decrease a little. Additionally, it should be remembered that hasty decision decisions are not good in the share market.

If someone thinks of investing their money, it almost universally comes down to two major ways – either through equity or debt. Equity is where an investor becomes a part owner of the invested company or business. Whereas debt is the traditional lending and borrowing process. Here the investor acts as the creditor and the return is the interest plus capital. Interestingly, these two concepts are also what define shares and bonds. So, Shares or bonds, what is the best investment stream? And more importantly, what’s right for you? Let’s find out. What are Shares? A share is a unit of measurement for a stock, which is the actual asset in which you invest. Shares make up the basis of equity investment. Here the investor invests to become a part owner of the company. The size of the owner depends on the number of shares bought. It also depends on the number of shares in circulation by the company. Read More: Apartment Buying Mistakes to Avoid to Secure Your Investment At its core, an investor or shareholder utilizes the high-risk, high-return factor of share investment. For example, if the company consistently performs well, the shareholder will enjoy a consistently high ROI. On the other hand, if a company performs, poorly, it will lead to a loss of investment. Shareholders receive dividends annually based on the profit margin of the company. Depending on the business cycle, this margin can be high or even so low that there might be no dividend at all. If an investor holds a substantial share in a company, they get a place on the board of directors where they can vote to decide the future course of the company. Shares essentially allow an individual investor to take responsibility and the implications are also simple. You share the profit as well as the loss in an equal manner, hence the high risk, high return factor. Read More: Metaverse Real Estate Investment: Buying Land, Apartment, Property in Virtual World Advantages of Shares Compared to Bonds The main advantage of shares is the potential for high returns. Other investment opportunities can hardly provide a similar level of return possibilities. Shares also pay dividends which is another addition to lucrative profit margins. The return on investment will grossly depend on the period of high profit or less. Since the instrument of investment for shares is equity, investors can expect proportional growth or loss on their investments. The same doesn’t hold for bonds. Investors can input their ideas into the future process of a business with share investments. It makes for a more controlled and impactful investment compared to bonds. Read More: Share Market Investment Guide: How to Invest in Stocks in Bangladesh Disadvantages of Shares Compared to Bonds The only disadvantage of shares compared to bonds are the high-risk factor. There is no way to understand how a business will perform given the volatile investment climate.  Every share is traded through a central stock exchange commission which may go through a gross fluctuation by the minute. So if you’re risk-averse, chances are that shares aren’t really for you. Read More: Making Investment Decisions: Factors to consider when investing money What are Bonds? You lend your friend a crisp 100-dollar bill and he pays you back 110 dollars the next month. The additional 10 dollars over the capital is the interest on top of the capital. Bonds follow this exact principle of debt instrument. Here the investor, who buys the bond, is the creditor, and the bond seller company or business is the debtor. The investor (bond buyer) and the company (bond seller) essentially draw up a loan agreement. As part of the agreement, the company will pay back the invested sum within a certain date along with a regular fixed interest rate on top of the capital. It's low risk with a low return but provides better security on the invested capital. Read More: Plot vs Apartment: Which is the Better Investment Option? Advantages of Bonds over Shares The only advantage of bonds over shares is the low volatility. Unlike shares, bonds have a fixed return rate on top of the capital. Here, the investor knows upfront how much they will be getting out of the investment at the end of the cycle. Even in case, the company goes bankrupt, the bond investors will get priority compared to the shareholders in returning the dues. As a result, the investments of bondholders are secured in both ways. Disadvantages of Bonds Compared to Shares The main disadvantage of bonds compared to shares are the reduced return and lack of equity. At the cost of security, bonds investor has to forego a substantial ROI generation. The bonds' investors do not get any say in the process and proceedings of the business which is otherwise possible with shares. Read More: Is Sanchayapatra a Good Investment in 2022? Lifecycle of Bonds and Shares Both bonds and shares have their respective lifecycles which are often important for an investor to understand which investment cycle works best for them. A share has typically 4 phases in its lifecycle – accumulation phase, markup phase, distribution phase, and downtrend phase. Each of these phases comes up cyclically where the price stabilizes, goes up, shareholders sell and the price tumbles again. The bond lifecycle is much more simple compared to the shares. Here there’s a primary market where the bond gets issued, a secondary market where the bond gets traded, and finally maturity, where the investors get back their capital. Read More: Is Gold a Good Investment in 2022? The companies can use the resolved bonds at maturity to venture into new refinancing opportunities. Shares vs. Bonds – Which One is the Better Investment Option? Shares and bonds are both great investment options. But the choice of investment depends much on what you want out of your investment. If you want a high return and aren’t worried about the associated risks, go for shares. But if you are more concerned about the security of the investment and returns are your secondary concern, then head over to the bond market. Read More: Saving vs. Investing Money: Know the Pros and Cons Final Words Shares and bonds are both equally popular as investment opportunities. The process of investing through shares usually requires a BO account in a brokerage firm. On the other hand, a bond requires an agreement drawn out through a third party, usually a bank. Both stocks and bonds are protected by strict government financial regulation with the former having its separate regulatory commission. So depending on your preference, both shares and bonds can be an effective way to increase your wealth base.

Expatriate Bangladeshis will get maximum Tk 107.5 per US dollar instead of Tk 108, for remittance from October 1, 2022. Association of Bankers, Bangladesh (ABB) and Bangladesh Foreign Exchange Dealers’ Association (BAFEDA) have set this rate for remittance next month – to stabilize the forex market. Economists are saying controlling the exchange rate would have negative impact on the current inward remittance flow. Read: Bangladesh received over $1 billion remittance in Sep 1-15 Economist and Chairman of PRI, Ahsan H Mansur, told UNB that this is not the right decision to attract more remittance when the kerb market rate is over Tk 114 per dollar. It may encourage sending money through illegal channels, which does not help in resolving the forex crisis, he said. Professor Mustafizur Rahman, distinguished fellow of CPD, also said that controlling exchange rate is not helpful when market demand for forex is expanding. Read:Uniform rate: Tk 108/dollar max for remittance, Tk 99/dollar for export income from tomorrow He said several rates for US dollar will create discrepancies and discourage remittance flow.  The illegal sector will be encouraged while exchange rate difference between banks and kerb market will be widened, Prof. Mustafizur said. According to the decision of the meeting held on Monday, remitters will get maximum Tk 107.5 per US dollar. Earlier on September 11, ABB and BAFEDA fixed the maximum price of a dollar at Tk 108 for remittance. Read Explainer: What it means to let taka float The dollar rate of export income monetization will remain at Tk 99 per dollar as before. In the case of payment of import liabilities and inter-bank transactions, price of dollar will be Tk 1 higher than the average price of a dollar bought from expatriate and export earnings. At the end of the meeting, BAFEDA Chairman Afzal Karim told the reporters, “There was supposed to be a price review from time to time to keep the dollar market normal.” “In continuation of this, we have decided the new price. The new price will be effective from October 1,” he said. Read How to safely send remittance to Bangladesh?