BB depreciates taka by Tk 0.40 against US dollars

Bangladesh Bank (BB) on Monday depreciated taka by Tk0.40 re-fixing Bangladesh currency’s exchange rate against US dollar at Tk 87.90 to stabilize the volatile forex market.

Meanwhile, on May 16, the central bank set a price of Tk 87.50 per dollar in the interbank currency market. The value of dollar has increased again in space of a week. Till May 15, it was Taka 86.70 per dollar.

Different commercial banks are selling cash dollars at five to six taka more. Dollars are being traded at Tk 97 to Tk 98 in the open market or Kerb market outside banks.