BB Buys $50m from Banks at Tk122.75 per Dollar

Representational image.

Bangladesh Bank has purchased $50 million from four commercial banks through an auction, maintaining a rate of Tk122.75 per dollar.

The central bank’s spokesperson and executive director, Arief Hossain Khan, confirmed the transaction, noting it was carried out as part of ongoing efforts to manage the foreign exchange market.

A day earlier, the central bank had bought $70 million at the same rate using the same auction mechanism.

According to a senior official, the remittance rate is currently around Tk122.90 per dollar, slightly higher than the rate at which dollars were purchased from banks through the auction process.