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Tuesday, December 6, 2011

Dollar price reached to Tk80

Yesterday, for the first time, the US dollar price against the taka reached to Tk80 in the inter-bank foreign exchange market. Though the central bank authority claimed that it regularly provides foreign currency to the market to make it cool, the private bank authorities denied that and we see the result as well. With declining trend in foreign reserves, there is no option for commercial banks, but to follow the market equilibrium.

Here is the news link.

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