BB fixes dollar price at Tk117, increasing by Tk7 in a day, due to IMF pressure

In the context of a dollar crisis continuing in the country for a long time, the Bangladesh Bank has fixed the official price of the dollar at Tk 117 per dollar in order to fulfill the loan conditions of the International Monetary Fund (IMF), according to central bank circular issued on Wednesday (May 8).

The central bank raised the official price of the dollar from Tk 110 to Tk 117 in a day.

The circular said from now on the dollar will be bought and sold in a new method called crawling peg. In this method, the dollar rate has been fixed at Tk 110 from September last year, which was set by Association of Bankers Bangladesh and Bangladesh Foreign Exchange Dealers Association.