Money exchange companies are experiencing an extreme dollar crisis. They are not being able to supply dollars according to the market demand. In the open market today (Tuesday), the US dollar rose by Tk 4 to Tk 102 within a day.
Bangladesh Bank, the central monetary authority of the country, devalued 80 paisa of local currency against per unit of US dollar in inter-bank transaction on Monday.Bangladesh Bank has sold $5.1 billion this fiscal as of May 12 to meet the growing demand.
The foreign reserves stood at $ 41.95 billion that can meet the import expenses for next five months.
