Dollar price in open market Tk125

Just a day after the central bank fixed the dollar price at Tk 117 using crawling peg method, the exchange rate of a dollar in the open market today (May 9) has skyrocketed to Tk 125, increasing by Tk 7 per dollar.

Yesterday (May 8), the Bangladesh Bank increased the rate by Tk 7 from Tk 110 to Tk 117 taka per dollar, paving the way to a disaster in dollar price in the open market.

Even after this massive hike of Tk 14 in just two days in dollar price, however, many people are not getting the required dollars.

In open market, bank's LC opening rate has also increased from Tk 2.5 to Tk 3. It is known that the banks with which LCs can be opened are Taking Tk 117.50 of Tk 118 as the exchange rate of a dollar today. The banks yesterday charged Tk 115 as the exchange rate.

A person who sells dollars in the open market said that the price of the dollar is always higher in the open market than in the bank.

He said, “Yesterday morning also, I sold cash dollars at Tk 117 to Tk 118. After the central bank announced an increase in the dollar rate, it rose to Tk 119 in the open market yesterday afternoon. Today it has increased to Tk 125 per dollar.