The ongoing dollar crisis in the country will ease by January next year, said Salman F Rahman, private industry and investment adviser to the prime minister.
The taka has been devalued against the dollar in seven steps this year.
As the Russia-Ukraine war broke out, Bangladesh witnessed a huge deficit in the balance of payments which was the main cause for a recent dollar crisis in the country where speculation fuelled the dearth, says AKM Ismail Haq, president of the Money Changers’ Association of Bangladesh.
The Bangladesh Bank today decided not to fix the exchange rate of the US dollars, allowing the market to set the price based on demand and supply.
Volatility in the foreign exchange market intensified today amid a scarcity of the American greenback, forcing travellers to spend as high as Tk 102 to buy a US dollar from banks, the highest in Bangladesh.