Taka devalued again

Bangladesh Bank on Thursday (June 2) once again devalued taka against US dollar, raising the exchange value of the dollar by 90 paisa to Tk 89.90 a dollar.

With this, the central bank depreciated the taka against the US dollar in five times in last one month, and the taka has been depreciated against the US dollar by Tk 3.45. Earlier on May 29, the central bank fixed dollar price at Tk 89.

Chief Spokesperson and BB Executive Director Md Serajul Islam said the central bank took the decision as the price of the dollar has increased in the open market. The decision has also been taken.in a bid to increase inflow of inward remittances.

After fixation of dollar price, the volume of remittance of the country declined in May. Several banks faced crisis to meet up import bill. Many exporters were refrained from paying bills at fixed prices.

He also said that several teams have been assigned to monitor the banks and oversee the foreign currency exchange of the banks.