USD hits Tk118-119 in kerb market

Volatility in the country’s foreign exchange market has further intensified, and dollar price reached a record high at Tk 118-119 in the kerb market, according to several money changers.

On Monday price of the US dollar in the open market was Tk 115.

According to the traders of the kerb market, there is a shortage of dollars in most exchange houses. As more people are buying dollars than selling.

Law enforcement and Bangladesh Bank have increased surveillance in the kerb market due to the abnormal price hike.

Bangladesh Bank on 3 August suspended the licenses of five money changers and sent show-cause notices to 42 others for irregularities including keeping dollars beyond limit.