The Bangladesh Bank showed the selling price for dollars at Tk 95 on its website on Sunday. It hiked the rate to Tk 96 on Monday and pulled it up to Tk 106.15 on Tuesday.

However, the central bank sold USD 40 million from its forex reserve at a rate of Tk 96 on Tuesday.

According to the website of Bangladesh Bank, the exchange rate of taka and dollar has been determined by the banks based on supply and demand and rates provided by the Bangladesh Foreign Exchange Dealers Association (BAFEDA).

The central bank will not engage in regular dollar trade, but will intervene as per market demand.

The BB officials said the price at which the banks will buy and sell dollars will be the interbank price, but the central bank will not follow the rate.

Central bank executive director and spokesperson Serajul Islam told Prothom Alo, "The dollar price was increased to Tk 96 yesterday (Monday). Even the central bank sold dollars at this price today (Tuesday). I still do not know why the price is showing so high on the website.”

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