Forex Pressure News Today

Forex pressure saw prices rise by Sh5 per unit in January

The record fuel price hike last week has thrown a spanner in the works to the finance division's projection of bringing the twin problems of inflation and delicate foreign currency reserves under control by December.

Remittance flows to Bangladesh declined 13.15 per cent year-on-year in May as higher rates of US dollars in the informal markets are prompting many migrant workers to shun formal channels, creating additional pressure on the country's already heated foreign exchange market.