Desk Report:
Bangladesh Bank bought nearly $2 billion in three months
Bangladesh Bank has continued to buy surplus dollars from banks to stabilize the country’s foreign exchange market and support the flow of remittances and export earnings. The central bank has bought about 2 billion or 2 billion dollars in the first three months of the 2025-26 fiscal year.
According to Bangladesh Bank, a total of 104 million US dollars (104 million dollars) were bought from 8 banks through the ‘multiple price’ auction method on Monday. At that time, the exchange rate per dollar was 121.78 to 121.80 taka.
Bangladesh Bank started buying dollars through auctions from July 13. It has bought about two billion (1,981 million) US dollars through auctions in about three months.
Bangladesh Bank Executive Director and Spokesperson Arif Hossain Khan told Ajker newspaper, ‘Today, 104 million or 104 million dollars were bought from 8 banks through multiple price auctions. At that time, the dollar rate was set between 121 taka 78 paisa and 121 taka 80 paisa per dollar. In this regard, Bangladesh Bank has purchased a total of $1.981 billion through the auction process so far in the current fiscal year.
A managing director of a private bank, who asked not to be named, said that due to strong remittance flows and export earnings, banks have been able to pay long-standing import liabilities, especially fuel import bills. As these liabilities have been paid off and import pressure has eased, the supply of dollars in the market is currently higher than demand. As a result, the exchange rate is gradually falling.
