Dhaka: Bangladesh Bank (BB) today purchased US$353 million from 26 commercial banks through multiple auction methods as part of its ongoing strategy to curb the depreciation of the US dollar against the taka and revitalize the remittance and export sectors. The central bank set a cut-off rate of Taka 121.75 for these dollar purchases, according to the central bank data.
According to Bangladesh Sangbad Sangstha, Bangladesh Bank has bought a total of $1,747.50 million from commercial banks so far in the fiscal year 2025-26 (FY26). A senior official of the central bank, while speaking to BSS, stated that BB has intervened in the market by purchasing US dollars from commercial banks through an auction with the aim of keeping the exchange rate of the BDT against the greenback stable.
The official also mentioned that the central bank will sell the US dollar to banks through similar auctions if the exchange rate of the greenback increases against the local currency. “We may consider intervening in the market whenever necessary for ensuring the exchange rate of the US dollar against the local currency remaining stable,” he added.