The Bangladesh Bank on Tuesday purchased $38 million from six commercial banks through multiple auction methods as part of its ongoing strategy to curb the depreciation of the US dollar against the Taka and revitalise the remittance and export sectors.
The central bank set a cut-off rate of Tk聽121.80 for these dollar purchases, according to the central bank data.
The Bangladesh Bank has bought a total of $2,126 million from commercial banks till now of the fiscal year 2025-26 (FY26).
Talking to BSS, a senior official of the central bank said that the BB had intervened in the market by purchasing US dollars from commercial banks through an auction aiming to keep the exchange rate of the taka against the greenback stable.
He also said that the central bank would sell the US dollar to banks through similar auctions if the exchange rate of the greenback increases against the local currency.
鈥榃e may consider intervening in the market whenever necessary for ensuring the exchange rate of the US dollar against the local currency remaining stable,鈥� he added.
