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Dollars sold at 15 rupees higher in the open market

Dollars sold at 15 rupees higher in the open market
Dollars sold at 15 rupees higher in the open market

US dollars. AFP file photo


US dollars. AFP file photo

Bangladesh Bank has warned against buying dollars at fixed rates. Since then, the US dollar crisis in banks has been deepening. In the open market, it is selling at 128 taka per dollar, which is about 15 taka higher than the fixed price of Bangladesh Bank.

Central bank officials declined to comment on the dollar’s record price on the open market. They said that Bangladesh Bank is looking for the illegal dollar traders behind the high rate of dollar transactions.

In this context, the spokesperson and executive director of Bangladesh Bank, Majbaul Haque said, ‘The central bank has strictly warned the banks to buy dollars at excessive prices. The central bank will punish severely if the bank buys dollars ignoring the bank rate.

On the other hand, the price of the US dollar is rising unbridled in the open market. Against three days, the price of the dollar increased by three rupees in the open market. In the open market on Saturday (November 11), every US dollar was sold at Tk 127. But last Wednesday (November 8) every dollar was sold at Tk 124 in the open market.

For money exchangers, Bangladesh Bank has fixed the buying price of the dollar at 113 75 paisa and the selling price at 115 taka 25 paisa. However, dollars are not traded on any money exchange at this price.

On Saturday, buyers bought at the rate of 128 taka per dollar from various shops and restaurants in Motijheel, Dilkusha, Paltan, Fakirapool areas of the capital.

In this regard, Bangladesh Money Changers Association Secretary General Helal Sikder said, ‘Dollars are not being traded at the rate set by Bangladesh Bank. The customer comes in and leaves without getting a dollar. They are forced to buy dollars from illegal traders at exorbitant prices.’

The article is in Bengali

Tags: Dollars sold rupees higher open market


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