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The rupee depreciated further against the dollar


Jumbangla Desk: There is a severe crisis of dollars in the country. The price is increasing uncontrollably. On the contrary, the value of money is decreasing. Not only that, the Bangladeshi currency has also weakened against other currencies. This information was found on the website of Bangladesh Bank on Sunday (November 12). It can be seen that on November 1, the price per US dollar was 110 taka 50 paisa. Currently which is 111 rupees. At the beginning of this month, the rate of British pound sterling was 134 taka 31 paise. Now it is being sold at 135 taka 70 paise.

On November 1, the rate of euro was 116 taka 90 paisa. Currently which is 118 taka 60 paisa. At that time the value of Indian rupee was 1 taka 32 paisa. Now it is 1 taka 33 paise. At that time the price of Chinese Yuan was 15 taka 05 paisa. At that time it stood at 15 taka 05 paisa. At the beginning of the current month, the Japanese yen was at 0.72 paise. Now which is selling for zero decimal 73 paise.

Rupee has depreciated against almost all international currencies in the last 12 days. Economic analysts say that there is a severe dollar crisis in the country. Foreign countries already know that. As a result, foreign exchange houses have reduced the value of money. At the same time, they have increased the price of their currency.

In the last 1 week, rupee has depreciated by 7 to 15 percent against the currencies of different countries. It has increased the cost of collecting remittances. As a result, commercial banks are in trouble. They have to sell the expatriate income at a lower price even if they buy it at a higher price. Due to which the supply of funds is decreasing.

Now Bangladesh Foreign Exchange Dealers Association (BAFEDA) and Association of Bankers, Bangladesh (ABB) set the dollar price. According to their instructions, the maximum dollar rate of remittance is 110 taka 50 paisa. Along with this, the government and banks are giving two and a half percent incentives. The total incentive is 5 percent. Overall, the US currency settled at Rs.116. But the bank is not getting dollars at this rate. As a result, they are buying it at 122 to 127 taka. There is a loss of 6 to 11 rupees.

The article is in Bengali

Tags: rupee depreciated dollar


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