Bangladesh Bank Purchases $104m to Stabilise Taka

Bangladesh Bank (BB) has purchased US$104 million from eight commercial banks through multiple auction methods as part of its continued efforts to stabilise the exchange rate of the taka against the US dollar and support the country’s remittance and export sectors.

According to central bank data, the dollars were bought at rates between Tk121.78 and Tk121.80.

A senior BB official said the central bank intervened in the foreign exchange market through dollar auctions to prevent excessive volatility in the exchange rate.

He noted that the central bank will also be prepared to sell US dollars through similar auctions if the exchange rate rises sharply against the taka.

“We will continue to intervene in the market whenever necessary to maintain stability in the exchange rate,” the official added.

The move reflects the central bank’s strategy to ensure a balanced foreign exchange market amid ongoing global currency fluctuations and to bolster confidence among exporters and remittance earners.