Exchange value of dollar rises by 80 paisa

The exchange value of dollar against Taka has risen by 80 paisa to stand at Tk 87.50 per dollar.

Bangladesh Bank has devaluated money against the US dollar again within a span of a week on Monday. 

The central bank has so far depreciated the taka five times in this year.

According the sources, the decision came as the soaring import payments have created an acute shortage of the greenback in the banking sector.

The central bank has also increased the BC (bills for collection) selling rate by Tk 0.85 to Tk 87.6 a dollar and banks are supposed to follow the rate while selling dollars to the importers.

Right now, banks are charging more than Tk 95 for every US dollar from the importers.