B.C Selling Rate is a term used in the context of
foreign exchange transactions in Bangladesh. It is the rate at which banks sell
foreign currency to importers. The B.C. Selling rate is calculated by adding
the exchange margin to the TT Selling Rate. The TT Selling rate is the rate used
for all transactions that don not involve the handling of documents by the
bank, such as issue of demand drafts, mail transfer, telegraphic transfer, etc.
other than retirement of an import bill.
For example, suppose the TT selling Rate for USD is
85.50 and the exchange margin is 0.25. Then the B.C. Selling rate would be
calculated as follows
B.C. Selling rate = TT Selling rate + Exchange rate
B.C Selling rate = 85.50 + 0.25 = 85.75
Therefore the B.C. Selling rate for USD would be 85.75
The importance of the B.C selling rate lies in its
role in facilitating foreign exchange transactions and ensuring compliance with
foreign exchange regulations. The B.C. Selling rate helps to promote
international trade and investment by providing a reliable and efficient mechanism
for foreign exchange transactions. It also helps to maintain the stability of the
foreign exchange market by ensuring that foreign exchange transactions are
conducted in accordance with the regulations of Bangladesh Bank.