** Enforcement of Covid-19 health guidelines urgently necessary ** Launch passengers have turned to buses after opening of the Padma Bridge. Empty launches are seen passing idle time at Sadar Ghat launch terminal on Tuesday. NN photo ** Cattle-loaded trucks easy prey to extortions ** US wants fair elections in BD:Envoy ** Experts say worst, substandard ** PM mulls area-based specific time power cuts to save fuel ** Blacksmiths passing busy time for Eid-ul-Azha ** Sri Lanka admits bankruptcy, crisis to drag through 2023 ** KFC Brings Texas BBQ Zinger in Town ** Niko graft case against Khaleda Zia, charge hearing deferred ** Tipu murder case, probe report on Aug 31 ** Teacher Utpal murder case, prime accused father confesses ** Bangladesh sends humanitarian assistance to Afghan people ** CEC is irrelevant for assuring free election unless parliament is dissolved ** Power generation falls, causing frequent load-shedding ** The Padma River is about to devour the Chawkrajpur Govt Primary School at Bagha, Rajshahi. The school is now five metres away from the erosion point. The headmaster of the school, Mujibur Rahman, urged the local administration to build an embankment so that the school could still be saved. The Upazila Education Officer, Mir Mamunur Rahman, said that the school could be shifted to a different place if the erosion situation demands so. As there was no embankment there, one kilometre road built at the cost of Tk 42 lakh at Chawkrajpur is already gone into the river. NN photo ** Illegal Indian cattle in Bangladesh market, local farmers frustrated ** Kushtia BCL leader sets himself on fire at Press Club ** Tanners set to procure about 1 cr pieces of rawhide despite fund crisis ** Bangladesh logs four month's highest 12 deaths from Covid ** We see no end to overwhelming lawlessness everywhere: Problem is muscle politics ** Remittance dips 15pc amid forex crisis ** Lawyer’s six bank accounts frozen ** CEC assures OECD envoys to hold inclusive, acceptable polls ** Exports hit record $ 52b in outgoing fiscal year **

Greenback hits Tk 101 in kerb market

18 May 2022

The price of the US dollar hit Tk101 in the kerb (open) market on Tuesday amid the volatile forex supply in the market.
On Tuesday, several businesses blamed that they cannot buy US dollars due to the higher price. On the other hand banks also sell per US dollar at Tk 92 to Tk 93 on the day.
However, the price of dollars in the kerb market has grown even more. The traders said that they are not able to get dollars outside the bank now.
"I had to pay Tk100.50 to Tk101 to buy one US dollar from the kerb market on Tuesday. On Monday, the dollar was sold at Tk97.20 and Tk 97.30," Said Abdullah Al-Mamun, a trader of old Dhaka, who is involved in import trading. He told UNB that due to increasing dollar prices every day, some people are stocking dollars, purchasing it from the kerb market, which is pushing the price of dollars in the open market.
On Tuesday, state owned Sonali, Janata, Agrani banks sold per US dollar at Tk 92 to Tk92.50 while the private sector Eastern Bank also sold at Tk 92.50.
Md Serajul Islam, Executive Director and spokesperson of Bangladesh Bank, said, "The open market economy now relies on market situation. Due to increased domestic consumption the import is under more pressure compared to export."
In such a situation banks are unable to meet the growing demand of forex, this is why dollar price has increased a bit, he said.
The decline of COVID-19 cases was met with a global hike in prices of commodities as the Russia-Ukraine war caused the supply and delivery costs to go up. As a result, the demand for dollars rose and the Bangladeshi taka, like many other currencies in the world, began losing value.

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