Monday, 03 Oct, 2022

Business

Dollar price reaches highest in kerb market to Tk119

Senior Correspondent | banglanews24.com
Update: 2022-08-10 17:45:31
Dollar price reaches highest in kerb market to Tk119

US dollar price against local currency taka reached its peak at Tk119 in the kerb market on Wednesday (August 10) despite various measures taken by the Bangladesh Bank (BB). 

The price of the dollar has reached its highest in the kerb market which is the biggest fall of taka’s value against the US dollar in the country’s history.

The previous highest US dollar price on the open market was recorded at Tk115 on August 8.

The open market sellers said there is a shortage of buyers in the market, adding that those who used to buy and sell dollars on the streets, fearing the raids of various law and order forces including the central bank, are not directly buying and selling.

The employee of Century Money Exchange in Shakaribazar said “I sold cash dollars at 116 taka. No more dollars later. Now I can't get a dollar even for 117 taka.”

On 17 May, the US dollar crossed the Tk100 mark for the first time in the country's open market. Then it decreased. Later on 17 July, it crossed Tk100 mark again.

At the end of last month, the price of the US dollar rose to Tk112.

In the interbank currency market, the US dollar was being traded at Tk95 on Monday. The Bangladesh Bank sold dollars to the banks at this rate to meet the government import bill.

On Sunday, the interbank rate was Tk 94.70.  At the beginning of May, the rate was Tk86.45.

BDST: 1745 HRS, Aug 10, 2022
MSK/SMS

All rights reserved. Sale, redistribution or reproduction of information/photos/illustrations/video/audio contents on this website in any form without prior permission from banglanews24.com are strictly prohibited and liable to legal action.