Dhaka, Jan. 30 -- The US dollar rate for remittances has risen again by 50 basis points, reaching Tk 122.5.

Officials from various banks said that over the past two weeks, the price of the dollar has increased by at least 50 basis points, now standing at Tk 122.5 per dollar.

After a brief period of stability in the foreign exchange market, the remittance dollar rate has surged due to mounting pressure from overdue import payments.

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Despite this, banks continue to officially display the dollar price at Tk 122, as per Bangladesh Bank's directive.

In late December, the central bank verbally instructed banks to cap the maximum buying and selling rate for remittance dollars a...