Bangladesh Bank bought an additional $171 million from 16 commercial banks on Wednesday at a cut-off rate of Tk122.30 per dollar, extending its intervention to steady the foreign-exchange market, a central bank official said.
The purchase followed a $218.5 million acquisition from the same number of banks on Monday at the identical rate, bringing total dollar buying in February to $389.5 million in four days, according to UNB.
The central bank has been purchasing dollars throughout the fiscal year to prevent rapid taka appreciation and rebuild reserves, with total acquisitions in FY2025-26 reaching $4.32 billion.
Arif Hosain Khan, executive director and spokesperson of Bangladesh Bank, confirmed the latest transaction, saying the authority uses an auction-based mechanism to manage liquidity conditions in the market.
Strong remittance inflows have left banks with surplus dollars, with inward transfers through formal channels hitting a record $3.17 billion in January 2026, bankers said.
By setting a cut-off rate, the central bank is seeking to establish a floor for the taka to support exporters and remitters, while bolstering reserves, which stood at $28.51 billion on a net basis in December 2025.
Banking officials said earlier dollar shortages have eased but continued central bank intervention remains necessary to limit volatility and provide exchange-rate predictability for trade and investment planning.
