Dollar market unrest

There is unrest in the dollar market of the country. The price is rising at unusual speed against the money. The market is not under price control except the extra dollar left. The effect of which is to import. Besides, increasing the price of essential commodities including food items, the dollar value increase. Currently, about one rupee dollar is about 83-85. In some cases some banks are taking more money. Meanwhile, in November, three foreigners and 17 domestic residents accused of tax evasion
Central Bank warned banks According to the bankers, the export-remittance or expatriate income is not increasing at the same rate of increase in the rate of imports. Due to this the dollar's crisis in the country's currency market. Again, the growth of credit growth has increased greatly in the bank sector. Due to these reasons the dollar crisis has been created. Analysts say, be careful now. Central Bank should take stringent steps The essential effect of the country's economy is the dollar.

Traders say the continuous increase in the dollar price is increasing the import cost. As a result, the prices are rising and imported goods including food products. Due to the increase in inflation. As per Bangladesh Bank, on average, on the last Thursday, the dollar was trading at Tk 886.92. In January last year, which was 78 rupees 70 paisa. Outside the interbank transaction, the dollar price is more in the curb market (open market). According to sources, the Bangladesh Bank has been trying to keep prices away from many dollars in the last few months. For this reason, the price of the dollar has been steadily rising even if the price does not rise in the last two-three months. It has now risen about four paisa more than one year ago.
Meanwhile, officials of Money Exchange Houses said that there was an artificial crisis of the dollar in the market. Can not sell the dollar as customer's demand. On Thursday, the dollar exchange rate has been sold at Tk 83 at the open market. The purchase price was between Tk 83 and Tk 50-90. Buyer-vendors have alleged that many banks are taking more than USD's purchase price. Although the dollar price is high as per the demand of the buyers, the dollar and the money exchange houses can not afford the amount needed. They said they are selling dollars a little because the dollar is not enough.