Bangladeshi Taka’s (BDT) exchange rate against the US dollar has on 22 March fallen significantly owing to higher demand for dollar, to settle the import payments.
Media reports maintained this adding the exchange rate of the local currency also depreciated similarly against the US currency at the customers’ level for settling the import payments.
Reports further added BDT lost its value by 20 poisha – the steepest single-day fall in more than a couple of months, in the FOREX market.
“…of late the demand for US dollar has gone up on account of higher price of essential items, including fuel oils, in global market on the back of Russia-Ukraine war,” reportedly, maintained a senior official of the country’s central bank (Bangladesh Bank) speaking to the media adding the local currency depreciated against the US dollar was in line with the market requirement.
