USD goes up as economy rebounds, imports rise in Bangladesh.

Byline: S. Kamal Hayder Kazmi

The interbank exchange rate of dollars has risen to Tk85.65 from Tk84.8 in just two and a half months, according to Bangladesh Bank data, with per dollar value in the open market standing at Tk90. Bankers and economists say that the increase in post-Covid-19 business transactions, the opening of a large number of letters of credit (LCs) in the last few months, and payment of old dues are the main reasons behind the rising price...