BB raises USD exchange rate by Tk 1 to Tk 100

Bangladesh Bank (BB) on Wednesday increased exchange rate of a US dollar by Tk 1 to Tk 100.

Now, those who will buy dollars from the central bank will have to pay Tk100 for each US dollar.

The central bank increased the dollar price within a month. Earlier, the central bank fixed exchange rate of US dollar at Tk 99 on December 5.

It says that the price of the dollar has been increased in line with the market price.

Central bank spokesperson Masbaul Haque said that the dollar price has been increased to match the market price and it is part of regular initiative.

Dollar sales in the 2022 calendar year totalled to 12.61 billion, as the July-December sales were $7.47 billion. The Bangladesh Bank in FY21 bought around $8 billion from banks due to low imports and high remittance inflows amid the pandemic.