Written by The Banking Post
Bangladesh Bank (BB) purchased $129.5 million from 13 banks through an interbank spot market auction on Monday as part of its ongoing intervention to stabilize the exchange rate.
The purchase, made under the Multiple Price Auction method, was settled at a cutoff rate of Tk 121.75 per dollar, according to central bank officials. Since July 13, the BB has bought $1.88 billion directly from banks under the prevailing free-floating exchange rate regime.
“Our intervention in the foreign exchange market will continue to keep the dollar rate stable,” a senior BB official said, adding that the move is also boosting confidence among exporters and remitters while strengthening the country’s reserve position.
Bangladesh’s gross foreign exchange reserves rose to $31.09 billion last Thursday, up from $30.58 billion a week earlier, as per the central bank’s traditional calculation. Under the IMF’s BPM6 method, reserves stood at $26.18 billion, compared to $25.67 billion a week earlier.
Meanwhile, remittance inflows have remained buoyant. Expatriates sent home more than $2 billion in the first 21 days of September, marking a 24.3 percent year-on-year rise. On September 21 alone, inflows reached $128 million, while $133 million came in over the previous three days.
So far in FY2025–26, Bangladesh has received $6.93 billion in remittances, up from $5.77 billion in the same period a year earlier. The July–September quarter saw more than 20 percent growth in remittances compared to the previous fiscal.
The upward trend has been steady since early 2025, with March recording an all-time high monthly inflow of $3.29 billion — the highest ever in the country’s history.
