Taka
DOLLAR SHORTAGE / 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.
Humour / I am a 1000 taka note and I feel unwanted
Unlike most of you, I don’t have the luxury of determining my self-worth.
US dollar more expensive against taka
The US dollar became more costlier yesterday as the local currency depreciated once again in the inter-bank platform.
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.
Banks asked to convert export proceeds into taka immediately
Bangladesh Bank has asked banks to convert major export earnings of businesses into taka immediately as it looks to increase the supply of US dollars in the economy.
Taka may be weakened further
Bangladesh’s national currency may weaken further against the US dollar as the central bank has moved to restore stability in the foreign exchange market.
Taka suffers steepest fall in a decade
The taka yesterday lost 0.91 per cent in value against US dollars, the sharpest single-day fall in the past one decade, amid the falling supply of the American greenback against surging demand to settle import bills.
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.
I am a 1000 taka note and I feel unwanted
Unlike most of you, I don’t have the luxury of determining my self-worth.
US dollar more expensive against taka
The US dollar became more costlier yesterday as the local currency depreciated once again in the inter-bank platform.
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.
Banks asked to convert export proceeds into taka immediately
Bangladesh Bank has asked banks to convert major export earnings of businesses into taka immediately as it looks to increase the supply of US dollars in the economy.
Taka may be weakened further
Bangladesh’s national currency may weaken further against the US dollar as the central bank has moved to restore stability in the foreign exchange market.
Taka suffers steepest fall in a decade
The taka yesterday lost 0.91 per cent in value against US dollars, the sharpest single-day fall in the past one decade, amid the falling supply of the American greenback against surging demand to settle import bills.