Home ›› 28 Jul 2022 ›› Front
US dollar prices declined by Tk 4 to Tk 108 in the open market on Wednesday, with foreign exchange reserves falling to $39.49 billion.
Dollar prices decreased after a joint drive by a team of the Bangladesh Bank and law enforcement agencies. On Tuesday, dollar prices reached Tk 112, an all-time high.
AKM Ismail Hossain, president of Money Changers Association of Bangladesh, told The Business Post he had heard that a drive had been conducted in the capital’s Motijheel area.
But no one filed any complaint of harassment with the association, he said.
A central bank official said a team comprising members of the law enforcement agencies and the banking regulator had raided the kerb market, with dollar prices decreasing after that.
He said he was hopeful that prices would drop further.
The interbank exchange rate remained stable at Tk 94.7 on Wednesday, with the Bangladesh Bank supplying $96 million to the market to keep greenback prices stable.
On July 20, forex reserves hit $39.67 billion, said sources at the central bank. In August last year, reserves reached a record $48 billion.
