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Volatile forex market

BB monitoring situations to cool down forex market

Staff Correspondent
19 May 2022 20:41:58 | Update: 19 May 2022 20:48:50
BB monitoring situations to cool down forex market
— File Photo

The Bangladesh Bank on Thursday sent four inspection teams to banks to inspect the volatile situation of the forex exchange market. 

Bangladesh Bank Executive Director and Spokesperson Serajul Islam confirmed the matter to the Business Post and said that the inspection teams were sent to find out the actual situations of the forex exchange market.

The interbank exchange rate set by the central bank was Tk87.50 per dollar on Thursday, but importers said they were spending Tk94-96 to pay import bills.

On Thursday, the US dollar sold at Tk98 to Tk100 in the kerb market. 

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