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Dhaka Tribune

Dollar price up again at Tk109

The kerb market dollar price has been on a constant rise since last week

Update : 28 Jul 2022, 06:05 PM

Dollar price on Thursday went up slightly by Tk1, to Tk109, up from Wednesday's Tk108.

The kerb market dollar price has been on a constant rise since last week.

On July 21, it was Tk102.50 per dollar.

The price increased to Tk105 on July 24 and Tk107 the next day.

The greenback price hit an all-time high of Tk112 on Tuesday this week. 

Bankers said they raised the dollar prices keeping pace with the kerb market as many people were allegedly taking advantage of the price gap by purchasing dollars at lower prices from banks and selling those at higher prices in the kerb market.  

They, however, said the surge in cash dollar prices did not have any influence on settling letters of credit or encashing export payments. 

Central bank vigilance

Meanwhile, 10 inspection teams of Bangladesh Bank on Wednesday were dispatched for surprise visits to different money changers' shops in the capital to investigate whether they were hoarding US dollars to intentionally hike the rate of the greenback against the taka.

Md Serajul Islam, spokesperson of the central bank, confirmed the issue, adding that they inspected the money changers to know whether they followed the central bank's rules and regulations or not.

Money changers have to take a licence from the central bank to operate their business.

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