Bangladesh Bank (BB) has purchased US$38 million from six commercial banks through multiple auction methods as part of its ongoing efforts to curb the depreciation of the US dollar against the Taka and boost the remittance and export sectors.
The central bank set a cut-off rate of Taka 121.80 for these dollar purchases, according to official data.
So far, Bangladesh Bank has bought a total of $2,126 million from commercial banks during the fiscal year 2025-26.
In a conversation with BSS, a senior official from the central bank explained that BB has been intervening in the market by purchasing US dollars from commercial banks through auctions to maintain a stable exchange rate between the Bangladeshi Taka and the US dollar.
The official also noted that the central bank is prepared to sell US dollars to banks through similar auctions if the exchange rate of the dollar rises against the local currency.
“We may consider intervening in the market whenever necessary to ensure that the exchange rate of the US dollar against the local currency remains stable,” the official added.
