Dollar price soars to Tk112 in kerb market
26 July 2022, 06:57 pm | Updated: 22 December 2024, 08:10 pm
The price of dollar has been increasing in the unofficial (kerb) market as well as the interbank market. The US dollar is being sold in the kerb market at a rate of Tk112, the highest ever in the country.
Traders of the kerb market told Dhakaprokash that anyone can buy dollars from the kerb market. Passport endorsement is required to buy from the bank. That's why many people are now buying dollars from the kerb market and investing like the stock market, which is illegal. Because of this, the price of the dollar is increasing.
Traders of the kerb market said they sold a dollar for Tk 105 on Monday. But it jumped up to Tk 112 on Tuesday, the highest single day increase of the greenback ever in the country.
Private banks sold dollars at Tk103 to 104 on Tuesday for foreign trading and opening LCs for imports.
On July 26 last year, the American greenback traded at Tk 84.80, meaning there has been an 11.67 per cent loss in the value of the local currency in a year.
