DHAKA: Exchange rate of US dollar against the local currency has increased by Tk 0.10 as Bangladesh Bank is selling dollars to commercial banks regularly following the increase of the country’s import volume.

Central bank has sold more than two billion dollars from the first day of the current fiscal till April 29.

The Bangladeshi currency depreciated against the dollar On Monday (April 29th) as the demand for payment of import costs increased one step further. 

Dollar price has increased by 10 paisa against taka in the inter-bank trading after 20 days.

Central bank officials said the inter-bank foreign exchange rate was Tk 84.45 on April 29. On Sunday, the previous day, was Tk 84.35.

In the inter-bank transaction, the rate of foreign exchange against taka has increased by taka 0.55 from January 3 to April 29 this year.

BB Officials also said at the consumer level, the banks have sold dollars at Tk 84.48 on Monday (April 29). On Sunday, the previous day, it was at Tk 84.48. The price of the dollar is less than 0.2 paisa at the consumer level rather than the payment of bills.

Sirajul Islam, Executive Director of Bangladesh Bank and its spokesman, said Bangladesh Bank is selling dollars according to the demands of the commercial banks in a bid to keep the dollar market stable.

He also said that the government is also announcing cash incentive in new products to encourage the increase of export. If the export increases, then the dollar price will be back in the previous state.

BDST: 1942 HRS, APR 29, 2019
RS/SMS