DHAKA, Aug. 1 (Xinhua) -- The price of the U.S. dollar has gone up by around 5 percent in the Bangladeshi kerb market over the past two weeks amidst volatility in the foreign exchange market triggered by the quota reform movement.
The U.S. dollar was selling for 124 taka to 125 taka in the open market in Dhaka Wednesday whereas it was 118 taka to 119 taka two weeks back, The Daily Star reported Thursday, citing market insiders.
The forex market has been volatile owing to a sudden reduction in remittance inflow as remitters could not send the greenback through banking channels due to an internet blackout, said money exchangers.
As a result, the price has increased, the market insiders said. ■
