After remaining stable for about a year and a half, the price of the US dollar has suddenly risen in the foreign exchange market of the country. The war situation in the Middle East, pressure to pay advance LC liabilities and increased competition in collecting expatriate income have led to this rise in the price of the dollar, according to those concerned.
Banks are buying expatriate income at a price of up to Tk 122 and 90 paisa on Tuesday. As a result, the price of the dollar in imports has risen to Tk 123. A week ago, banks were charging a price of up to Tk 122 and 50 paisa for imports. This information has been learned from commercial banks.
In this regard, an importer said on Tuesday morning that banks are taking advantage of the war in the Middle East. They have suddenly increased the price of the dollar in imports by 50 paisa. This is increasing the cost of imports. Now the price will automatically increase at the consumer level.
According to bank sources, currently banks are offering a maximum price of up to 122 taka 90 paisa to buy expatriate income. As a result, the dollar price in imports has increased to about 123 taka. A week ago, it was up to 122 taka 50 paisa per dollar in imports. Due to the uncertainty created by the war, foreign remittance houses are offering higher dollar prices. Earlier, the dollar could be bought at 122 taka. It has now increased to around 123 taka. This has increased the dollar price in imports.
The report on currency exchange rates published by Bangladesh Bank shows that the average dollar price has also increased recently. On March 3, the average dollar price was 122 taka 33 paisa, which has now increased to 122 taka 58 paisa.
Bd-pratidin English/Lutful Hoque
