Taka is continuously depreciating against the American greenback, thanks to the growing import payments, though creating a burden on importers but boosting exports and remittance earnings.
The inter-bank exchange rate stood at Tk92.85 per dollar on Thursday, up from Tk92.80 on Wednesday. This is the 15th depreciation of the local currency this year.
A high official of the central bank confirmed the issue to the Business Post.
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However, the central bank allowed the dollar free float but unofficially, it intervene in the forex market by setting the inter-bank exchange rate.
To cool down the forex market, the BB is selling USD every day to banks. On Thursday, the central bank sold $28 million to banks at the rate of Tk92.85 per dollar, which is the official inter-bank exchange rate.
From August to June 16 of this fiscal year, the central bank injected over $7 billion into the banking sector, which is the highest in the country’s history.
