The price of the US dollar rose sharply in Bangladesh on Tuesday, March 10, 2026. Banks that had been buying dollars from foreign exchange houses at Tk 122.30–122.35 are now paying Tk 122.90. As a result, the import rate has climbed to Tk 123, up from Tk 122.50 a week earlier. According to bank sources, the increase is linked to higher demand for dollars ahead of a seven-day Eid holiday when banks will remain closed.

Officials explained that importers are rushing to settle letters of credit before the holiday period. The situation has been compounded by the ongoing war involving Iran, Israel, and the United States, which has disrupted industries and bank branches in Middle Eastern regions with large Bangladeshi communities. Foreign remittance houses are offering higher rates due to this uncertainty, further pushing up the dollar price.

A senior business executive warned that the sudden rise could fuel inflation, while a deputy managing director of a private bank urged the central bank to act promptly to prevent a dollar shortage. Bangladesh Bank data show the interbank rate rose to Tk 122.58, and the open market rate reached Tk 125.80.