Dollar price jumps to Tk 105 in kerb market, amid BB’s move to stable it

The dollar crisis keeps growing in the kerb market, as its price jumped to Tk105 per dollar amid trade bodies appealing for a stable exchange rate.

Increasing by Tk 1 from Sunday, one US dollar was sold at Tk 105 on Monday, in the carbon market, which is the highest ever.

The kerb market traders said that huge numbers of people are searching to buy dollars, but they cannot manage enough forex at this moment.

Because syndicates are actively involved in dollar business, they will only sell the dollar if they get the desired price, said Anowar Ali, a vendor of kerb market dollar trading.

People of different categories including tourists, small importers, students, and treatment purposes are purchasing dollars from the kerb market, he said, who sells dollars in the Motijheel area in the capital.

Despite the BB’s move to sell the dollar and relax policies to increase the inflow of forex in the country, the dollar market is yet to be stable since June this year, reports UNB.