Written by The Banking Post
Bangladesh Bank purchased $353 million from 26 banks on Monday through an interbank auction, aiming to keep the dollar-taka exchange rate stable.
The transaction was carried out under the Multiple Price Auction method, with a cutoff rate of Tk 121.75 per dollar, officials said.
Since July 13, the central bank has bought $1.75 billion from the market under the free-floating exchange-rate system.
“We’re intervening in the foreign exchange market continuously to encourage exporters as well as remitters,” a senior BB official said.
