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BB buys $149 million from 16 banks to stabilise forex rate
Bangladesh Bank, has purchased a significant amount of US dollars from local banks as part of its ongoing efforts to stabilise the foreign exchange market and support the flow of remittances and repatriate export earnings.
On Thursday (December 11), the central bank acquired approximately $149 million from 16 banks through a ‘Multiple Price Auction’ system.
Bangladesh Bank Executive Director and spokesperson, Arif Hossain Khan, confirmed the transaction.
"A total of $149 million dollars were purchased from 16 banks through the Multiple Price Auction. The dollar rate during this period was determined between Tk 122.25 and Tk 122.29 per dollar," he stated.
With this latest acquisition, the total amount of foreign currency purchased by the central bank through the auction mechanism in the current Fiscal Year (FY) 2025-26 has reached $2.663 billion.
Bangladesh Bank initiated the dollar purchasing process via auctions on July 13 and has since accumulated this substantial amount of foreign currency as part of the new policy, reports UNB.