Google currency rate is fixed। Today Dollar Rate - usatimes1

 Finally, the currency rate of Google is fixed.

For several days in a row, Google showed the value of taka against the dollar as 93.90 taka - which was wrong. After showing the same value on Saturday (September 17) and Sunday (September 18), on Monday (September 19) the value of taka is shown at 104.50 taka - which is in line with the central bank rate.

It can be seen from the website of Bangladesh Bank, the latest updated rate of rupees against the dollar is fluctuating between a minimum of 104 taka and a maximum of 106 taka. The Central Bank and Bangladesh Foreign Exchange Dealers Association (BAFEDA) have confirmed that the dollar rate given by Google is baseless.

A bank official related to this matter told Sama Sangbad that the transaction is going on according to the rate that Bafeda has fixed recently. No decision has been taken to change the rate.

An official of a private bank told the news on the condition of anonymity about the rate given by Google, 'If you read the warning paragraph on Google, you will see that it is written there, the currency rate given is not fixed or official. It is based on Google's own survey. With this, the central bank of a country or the decision of the Fed does not fluctuate.

Meanwhile, on Thursday (September 15), transactions can be made in yuan as well as dollars - after a notification issued by Bangladesh Bank, various rumors spread on social media about the price of the dollar on Google. Many say that the dollar has depreciated after the decision to adopt the yuan - which is not true.

Monday (September 19), the country's currency markets (banks and exchange houses) were inspected on the ground, it can be seen that the introduction of Chinese currency in the open market has no effect. Even the sale of currencies other than the dollar is almost closed in the capital. Money exchanges are still buying at 107 taka per dollar and selling at a maximum of 108 taka 50 paisa.

In response to the question of why the Chinese currency has no effect on the market, the spokesperson of Bangladesh-China Chamber of Commerce and Industry Al Mamun Mridha told the news that if the discussion on how the yuan can be traded with money, then it would have reached a stage by now. The dollar did not have the sole hegemony then.

In an interview recently given to the media about how effective the Chinese currency will be against the dollar, Nurul Amin, a former banker and observer, said that basically, the yuan can be a means of transaction to bypass the dollar crisis, which is acceptable in both countries. Traders will see how the value of the currency compares with the value of the yuan in currency conversion. Values ​​and transactions depend on how effectively the yuan replaces the dollar.