Dollar rate falls in kerb market as demand drop

The value of the US dollar has decreased in Bangladesh's kerb (open) market due to a drop in demand and an increase in supply.

Currently, the dollar is being sold at Tk 121-122 in the kerb market, down from Tk 125 just three weeks ago, according to traders and money changers dealing in foreign currency.

They attributed the drop to reduced demand for foreign travel following the political changes in the country on August 5, as well as an increased flow of dollars into the open market. These two factors have driven the exchange rate lower.
Travelers, who typically buy foreign currency from the kerb market, have contributed to the decrease in demand.    —UNB