Bangladesh Bank purchased another $141.50 million from the spot market on Monday as part of its continued intervention to prevent the Taka from appreciating too rapidly, according to central bank officials.
The US dollars were bought from 13 commercial banks at exchange rates ranging between Tk122.29 and Tk122.30 per dollar, with a cut-off rate of Tk122.30.
With the latest acquisition, the central bank’s total dollar purchases reached $624.50 million in December 2025 alone, while cumulative purchases in the current fiscal year rose to $2.80 billion.
Bangladesh Bank has been stepping up dollar buying since the start of FY26 as foreign currency supply strengthened, driven mainly by higher export earnings and robust remittance inflows. The intervention follows a period of sustained appreciation pressure on the local currency.
The central bank last resumed large-scale dollar purchases in mid-July after the Taka briefly strengthened to around Tk119.73 per dollar – its strongest level in more than a year – prompting concerns over export competitiveness. By the end of that month, the exchange rate had moved back closer to Tk122.30 per dollar.
Since late August, Bangladesh Bank’s weighted average reference rate has remained within a narrow band, reflecting relative stability in the foreign exchange market amid regular regulatory intervention.
Central bank data show that Bangladesh sold more than $25 billion from its foreign exchange reserves between FY21 and FY25 to finance imports of fuel, fertiliser and food, before reversing course this fiscal year as dollar inflows improved.
Bangladesh’s gross foreign exchange reserves stood at $32.12 billion on 11 December, according to central bank calculations, while reserves measured under the IMF’s BPM6 methodology were $27.45 billion.
Industry insiders said the continued dollar purchases indicate a relatively comfortable foreign exchange position, driven by improved inflows from exports and remittances.
The move is also helping the central bank manage excess liquidity in the interbank foreign exchange market.
