Bangladesh Bank has purchased $83 million from 11 commercial banks to maintain the Dollar’s Exchange rate at Tk 121.50

Bangladesh Bank purchased US \$83 million from 11 commercial banks through a multiple-price auction to help stabilise the foreign exchange market.

The transaction rates ranged between Tk 121.47 and Tk 121.50, with the cut-off set at Tk 121.50. Of the total, \$12 million was bought at Tk 121.47, and the remaining \$71 million at Tk 121.50, confirmed Arif Hossain Khan, Executive Director and spokesperson of the central bank, on Sunday.

A senior central bank official described the move as part of routine operations and a strategic measure to manage the market. “The governor has said repeatedly that the central bank will buy dollars when necessary and sell them to commercial banks based on demand. This is a strategic step to control the market,” the official noted.

The latest purchase follows similar interventions on July 23, when \$10 million was bought at Tk 121.95. Earlier, on July 13 and 15, the bank acquired \$173 million and \$313 million, respectively, at Tk 121.50. In total, the ongoing auction process has seen the central bank purchase \$579 million so far.