On Tuesday, the dollar’s interbank exchange rate rose to Tk92.80. The currency rate was Tk92.50 on Monday. Md Serajul Islam, a spokesman for the Bangladesh Bank, confirmed the news and claimed the rate had jumped marginally from the day before.
An official from Bangladesh Bank’s relevant department stated earlier on Monday that the central bank is currently selling dollars to cover the government’s import price. The government must sell $100 million per day on average.
The Bangladesh Bankers’ Association (ABB) and the Bangladesh Foreign Exchange Dealers’ Association (BAFEDA) recently met with Bangladesh Bank Governor Fazle Kabir to call for an increase in dollar supply to alleviate the foreign currency crisis that has arisen as a result of the country’s growing trade deficit and declining remittance inflow.
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