Dollar price riches highest to Tk 117

The Bangladesh Bank (BB) has raised dollar price to Tk 117 from existing Tk 110 by introducing the Crawling Peg Exchange Rate (CPER) system.

The central bank took the decision during a meeting of the monetary policy committee meeting held at its Motijheel headquarters in Dhaka on Wednesday.

Under the system, a Crawling Peg Mid Rate (CPMR) has been set at Taka 117.00 per US dollar with immediate effect.

The scheduled banks may purchase and sell US dollars freely under the CPMR system with their customers and in interbank deals, added the circular.