foreign exchange rate

February 2, 2023
February 2, 2023

Let taka depreciate further: economists

As the US dollar shortage persists, businesses in Bangladesh are increasingly finding it difficult to open letters of credit (LCs) since banks can’t supply the adequate American greenback needed to finance imports.

September 15, 2022
September 15, 2022

How the dollar crisis is increasing burden for int'l students

The shortage of dollars has made it enormously expensive to buy the currency for int'l students.

September 13, 2022
September 13, 2022

Taka falls against USD once again

The taka yesterday depreciated against the US dollar, hitting Tk 96 on the interbank platform as the central bank moved to allow the market forces to determine the exchange rate of the national currency.

September 13, 2022
September 13, 2022

Dollar loan repayment gets costlier as taka slides

The finance costs have at least doubled for the firms that have taken on dollar-denominated loans from external sources owing to the depreciation of the Bangladeshi taka against the American greenback. 

June 28, 2022
June 28, 2022

Forex market volatility deepens

Volatility in the country’s foreign exchange market has intensified once again as Bangladesh Bank has commenced tinkering with the exchange rate of the taka against the US dollar.

June 13, 2022
June 13, 2022

Taka falls again, 1 USD now Tk 92.5

The local currency today depreciated further against the US dollar, hitting Tk 92.50 for each greenback in the interbank platform.