selling dollars at abnormal prices in the open market; Rupee is depreciating against all currencies

Mahabub Khan: [২] About 15 taka more than the fixed price of Bangladesh Bank, that is, each dollar is being sold at taka 128. Source: NTV, Yugantar

[৩] 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.

[৪] Bangladesh Bank Spokesperson and Executive Director 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.

[৫] 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. On November 8, every dollar was sold at Tk 124 in the open market.

[৬] Meanwhile, against the currencies of various countries, the value of rupee has also decreased by 7 to 15 percent.

[৭] A week ago, the Kuwaiti dinar was Tk 350. Exchange houses operating in Kuwait sold dinars at Tk 400 on Thursday. As a result, the value of money has decreased by about 14 percent.

[৮] Banks are buying dollars at high prices to meet foreign debts and to maintain their reputation.