The taka fell by Tk 2.05 within two days recently in its value to Tk 91.95 against the US dollar. On June 5, it depreciated by Tk 1.60 against the greenback. The Bangladesh Bank weakened it further the next day by another Tk 0.45 per dollar—the 10th depreciation this year—allowing the exchange rate to be determined by the natural course of demand and supply.The currency is facing depreciation pressure as the supply of US dollars has narrowed due to higher import bills against moderate export and remittance receipts.
As a result, many banks had faced the shortage of US dollars to settle import bills as the central bank fixed the exchange rate for them to buy remittance US dollars from foreign money exchange houses, Bangla media reports said.
The taka fell by Tk 2.05 within two days recently in its value to Tk 91.95 against the US dollar. On June 5, it depreciated by Tk 1.60 against the greenback. The Bangladesh Bank weakened it further the next day by another Tk 0.45 per dollar—the 10th depreciation this year—allowing the exchange rate to be determined by the natural course of demand and supply.#
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