Friday, September 5, 2025
News update
- As debate over the location of climate conference razes on, will COP fail this time too? |
- UN Rights Office Warns of Gaza Escalation, West Bank Annexation |
- UN Warns Wildfires and Climate Change Worsen Air Quality |
- OIC Hails Belgian Declaration of Intent to Recognize Palestinian State |
- Bomb blast kills 15 near political rally in Pakistan |
BB buys $134m through dollar auction
Greenwatch Desk
Banking
2025-09-04, 8:36pm
Bangladesh Bank (BB) today purchased US$134 million from five 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 Taka 121.75 for these dollar purchases, according to the central bank data.
Talking to BSS, a senior official of the central bank said BB has intervened in the market by purchasing US dollars from commercial banks through an auction aiming to keep the exchange rate of the BDT against the greenback stable.
He also said the central bank will sell the US dollar to banks through similarly auction if the exchange rate of the greenback increases against the local currency, reports UNB.
"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.