USD turns 5% costlier in 2 weeks

The US dollar price in Bangladesh’s kerb market has risen by about 5% in two weeks, reaching Tk 124-125 per dollar. This increase is attributed to recent violence and internet restrictions, which disrupted remittance inflows and reduced expatriate returns. The Money Changers’ Association claims its members are selling at Tk 119, but market insiders report higher rates. Banks maintain the previous rate of Tk 118. Remittance inflow has significantly decreased, with only $13.8 million received through formal channels in the week following July 21. Daily Star