Interbank dollar exchange rate jumps to Tk 108.75

The interbank exchange rate of the US dollar has jumped to Tk 108.75, amid the foreign exchange crisis in the country.

Banks traded a dollar between Tk 108.50 and Tk 108.75 on Monday, Bangladesh Bank data revealed.

The interbank exchange rate increased almost every working day this month. The rate was Tk 106.80 for a dollar on the interbank platform on May 1.

Bangladesh’s domestic currency is facing depreciation for the last year due to higher import payments and slower export earnings and remittance inflow.