Dhaka: In its ongoing efforts to stabilize the foreign exchange market and bolster national reserves, Bangladesh Bank (BB) has acquired an additional $45 million from two commercial banks. The transaction, conducted on Tuesday, was completed at a fixed exchange rate of Tk122.30, as outlined in a press release from the central bank.
According to United News of Bangladesh, this acquisition is part of a broader strategy by Bangladesh Bank, which has seen a series of substantial dollar purchases throughout January. Earlier in the month, the central bank bought $81 million from 10 commercial banks on January 12, $206 million from 15 commercial banks on January 8, and $223.5 million from 14 commercial banks on January 6. All these transactions were executed at the consistent rate of Tk122.30 per dollar. With the recent transaction, the total dollar procurement for January 2026 has reached an impressive $743 million.
Arif Hossain Khan, the Executive Director and Spokesperson of Bangladesh Bank, confirmed the details of the latest purchase. He highlighted that this aggressive buying approach has significantly enhanced the country’s reserve holdings during the current fiscal year. Data indicates that from July 1 to January 20, within the first six months and twenty days of FY 2025-26, the central bank has purchased a total of $3.87 billion from the interbank market.
Market analysts have noted that the central bank is capitalizing on increased dollar inflows, likely stemming from remittances and export earnings, to replenish the foreign exchange reserves which had been under pressure in previous years. By maintaining a steady exchange rate of Tk122.30, the regulator aims to ensure exchange rate stability, thereby preventing abrupt fluctuations that could affect inflation and import costs.