Home Bank & Finance Open market dollar price jumps to record Tk 105
Bank & Finance - Corporate - July 24, 2022

Open market dollar price jumps to record Tk 105

Staff Correspondent: The price of the dollar yesterday increased by at least Tk2.50 in a day and stood at Tk105 in the kerb market, crossing the recent surge in May.
Money exchanges in Paltan, Motijheel and Baitul Mokarram areas reported that they had bought dollar at a rate of Tk103 to Tk104 yesterday.
Meanwhile, the rate of other currencies has also increased.
However, the greenback was sold at Tk102.50 on Thursday.
According to traders, the price of dollar rose to Tk104 last May amid global tension following the Russia-Ukraine war.
The rise has been linked to the swelling demand for dollars compared to its supply in the open market.
Murad Hasan, owner of Dohar Money Changer in Motijheel said, “We were not able to source enough dollars compared to the large number of buyers coming in. This is an omnipresent crisis and we are a part of it. That is why the price is increasing.”
Saudi Riyal is being sold at Tk27.50 in the kerb market. Besides, Indian rupee was sold at Tk1.30 which was Tk1.25 a week ago.

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