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Bangladesh Bank (BB) on Thursday purchased US$45 million more from commercial banks in a bid to help keep the country's foreign-exchange (forex) market stable.
With the latest amount, the central bank has, so far, bought US dollars amounting to $539 million from commercial banks operating in the country since July 13 last under the prevailing free-floating exchange rate regime.
According to the BB sources, the regulator took the decision to go for fresh intervention in the forex market in the backdrop of a persistent fall in the exchange rate in interbank spot market.
With its latest buying of $45 million, the BB injected around Tk 5.50 billion to the five commercial banks, it was learnt.
The cut-off rate for the latest transactions was Tk 121.50 per dollar, down by 45 per cent from that of July 24, 2025.
Over the past four weeks, the BB has bought a total of $539 million through four separate auctions.
Such purchases were intended to bolster the country's forex reserves, which came under pressure due mainly to rising import payments and global economic headwinds, according to sources.
The BB launched its dollar purchase drive on July 13, aiming to ease volatility in the dollar-taka exchange rates and restore stability in the forex market.
"We intervene in the market, whenever necessary, to keep the exchange rate at a tolerable level," a senior BB official told the FE.
He said the BB may sell US dollars to banks also if the dollar continues to appreciate against Taka.
Usually, the central banker go for intervention to prevent the downfall in the value of Bangladeshi Taka in exchange of US dollar, and also bolster the foreign currency reserve in line with the prescription of IMF (international monetary fund) under its $5.50-billion lending package for the country's macroeconomic stability.
Since the beginning of latest intervention, the local currency has lost its value at Tk 0.85 against the US dollar.
On the first day of its intervention, the reference rate stood at Tk 120.67 per dollar and the rate stood at Tk121.52 for a US dollar at the end of Thursday's business hours, it was learnt.
Forex reserves reached 30.08 billion until Wednesday, according to the BB.
But as per the International Monetary Fund method, reserves are $25.06 billion, the central bank data revealed.
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