Bangladesh Bank (BB) continues its intervention in the foreign exchange market, purchasing additional US dollars from commercial banks to stabilise the forex market and support remittance inflows and export earnings.
The central bank bought around $141.5 million (Tk 14 crore 15 lakh) from 13 banks through auctions on Monday.
The exchange rate on the day ranged between Tk 122.29 and Tk 122.30 per US dollar, with the cut-off rate fixed at Tk 122.30.
This follows a similar transaction earlier this month. On December 11, Bangladesh Bank purchased about $149 million (Tk 14 crore 90 lakh) from 16 banks, with exchange rates ranging from Tk 122.25 to Tk 122.29 and a cut-off rate of Tk 122.29.
The central bank launched its dollar-buying programme through auctions on July 13. So far, in the current FY 2025–26, Bangladesh Bank has purchased approximately $2.80 billion through this mechanism.
Confirming Monday’s transaction, Arif Hossain Khan, Executive Director and spokesperson for Bangladesh Bank, said, “A total of about $141.5 million was purchased from 13 banks on Monday. The exchange rate ranged from Tk 122.29 to Tk 122.30, with the cut-off rate set at Tk 122.30.”
Bangladesh Bank’s continued intervention aims to ensure adequate liquidity in the foreign exchange market and maintain exchange rate stability to facilitate international trade and investment, experts said.