Dollar price dearer despite record remittance inflows
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
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
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...

Receiver appointments deepen industry crisis
Receiver appointments deepen industry crisis

There are numerous precedents for appointing receivers in industrial establishments in the country in the aftermath of various events. However, unfortunately, in almost every case, the outcome has been unfavorable. Many once-established industrial groups have turned into moribund enterprises after...

Dollar soars as Donald Trump closes in on victory
Dollar soars as Donald Trump closes in on victory

The US dollar has surged as Donald Trump is on the cusp of winning back the White House in the presidential race. Bitcoin is also at a record high as traders bet on potential tax cuts, tariffs, and rising inflation under Trump. The result of the election is expected to have a major impact on...