Dhaka, March 22 -- The volatility in forex market has reported to reach its pick amid an unprecedented dollar crisis created by ballooning current account deficit and money laundering under trade misinvoicing.
Sources said, the prevailing dollar crisis has forced many commercial banks to buy dollar even at higher rates from curb market to meet import payments of traders and state-owned firms.
Some banks are also facing problems in opening LCs for big public projects and fuel import by state-owned agencies.
Meanwhile, the central bank continues to supply dollar to the banks to help them meet import payment obligations as well as to cool the forex market volatility.
The market volatility also forced the central bank to make upward readjus...