BM Desk:

Marking a significant milestone, the Bangladesh Foreign Exchange Dealers’ Association (BAFEDA) convened its 30th Annual General Meeting (AGM) on Thursday. Held at a city hotel, the event saw a bustling room filled with BAFEDA executive committee members and representatives from all 57 member banks and institutions, presided over by BAFEDA Chairman, Afzal Karim, CEO and Managing Director of Sonali Bank PLC.

The AGM served as a crucial platform to dissect the inter-bank foreign exchange market’s performance over the past year. Members delved into both challenges and opportunities, exchanging valuable insights and experiences. Importantly, the meeting chartered BAFEDA’s future course, outlining initiatives aimed at further refining and developing the Bangladeshi forex market.

While specific details of the discussed challenges and plans remain confidential, the AGM’s focus on collaboration and a proactive approach demonstrates BAFEDA’s unwavering commitment to fostering a robust and efficient foreign exchange environment for Bangladesh. As it celebrates its 30th year, the association stands poised to navigate future challenges and ensure continued stability and growth in the vital forex sector.