November 13, 2024, 8:42 pm

Dollar rate rises up to Tk 119.4 to lure more remittance

  • Update Time : Tuesday, July 30, 2024
  • 26 Time View
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UNB, Dhaka:

Banks have increased the price of United States dollar up to Tk 119.40 after getting central bank instruction to rate hikes to lure more remittance through the legal channel.

Over a dozen banks increased the US dollar exchange rate on Monday (July 29) for remittance, while the flow of expatriate remittances saw a downfall since the last week of this month.

Bank officials said that internet service closure and the recent students’ quota reform demonstration impacted inward remittance flow.

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