Page 26 - Dollar Rate News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Gold prices are rising today on two major reasons — dollar index nosediving to 7-month low and disappointing US economic data, say experts

Recently, policy changes at the central bank have been so enormous that they have already made the old monetary policy largely defunct. The policy changes, if adopted, will deliver not only a new monetary policy, but also a new central bank by knocking down a series of non-market rules – some of which were imposed on them by the finance ministry.

The ongoing dollar crisis in the country will ease by January next year, said Salman F Rahman, private industry and investment adviser to the prime minister.

Several large banks are now selling the greenback at between Sh130 and Sh131 per unit, while buying the same at between Sh117 and Sh119.

Bangladesh is hoping to get $5.5 billion from the International Monetary Fund and the World Bank as budget support, which will help the country shore up its depleting foreign currency reserves.