
Bangladesh’s central bank, Bangladesh Bank is set to raise its dollar price by 1.0 per cent to Taka 101.
This is as per media reports, which added the move by the central bank follows persistent persuading by economists for allowing market-determined exchange rates even if citing sources that are in know of things, they further added the revised rate is scheduled to take effect from the first week of February.
Further, seeking anonymity a central bank official reportedly claimed Bangladesh Bank wants to reach the target of a unified market rate of the dollar as has been suggested by the IMF representatives who visited Bangladesh recently even if as part of a plan, Bangladesh Bank had already increased the rate by Taka 1.0 on 10 November to fix it at Taka 98 each, but the interbank weighted average rate was Taka 103 that time.