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Dollar price dearer despite record remittance inflows
Despite record remittance inflows, the price of the US dollar remains high. The value of the dollar is still over the top in the kerb market. The price has risen further over the past week. In some places in the kerb market, the exchange rate stands at Tk 129 per dollar. Although remittance...
Taka loses 12.72% value in 2024 as dollar strengthens
The Bangladesh Bank (BB) increased the US dollar exchange rate by Tk12 in 2024, resulting in a 12.72% depreciation of the local currency, the taka, over the year, reports UNB. A central bank data analysis shows that the central bank fixed the dollar exchange rate at Tk122 on December 31,...
Instability resurges in dollar market
Despite various efforts and an increase in remittance flows, the dollar market remains unstable. As the year ends, the value of the US dollar has surged once again, with the exchange rate reaching as high as 129 taka in the open market. Banks, struggling to meet excessive demand, are collecting...