Written by The Banking Post
Bangladesh Bank (BB) as part of its forex (foreign exchange) market-intervention move bought $134 million through auctions from the commercial banks, taking the total volume of purchased dollars having crossed a billion-mark.
With the latest interventions of buying $134 million through auctions from five banks, the central bank has so far been bought $1129.50 million since July 13 last under the prevailing free-floating exchange rate arrangement.
Bankers and money market analysts said the US-dollar purchasing moves of the banking regulator is not only helping keep dollar-taka exchange rate stable but also contributing to make its foreign exchange reserve as stronger as possible even after repayment of the upcoming ACU (Asian Clearing Union) liabilities of $1.50 billion.
Simultaneously, the US dollar-sourcing activities also facilitate the banks mitigate their local currency obligations as the central bank injects over Tk 137 billion in the form of procuring the US currency, according to the BB sources.
Seeking anonymity, a BB official said they have bought $134 million on Thursday under the Multiple Price Auction method and the cutoff was Tk 121.75 per American greenback.
The official said the forex deals on the interbank spot market have been slowed in recent days because of lower demand for foreign currencies against supply surge.
The central banker said the government is set to clear ACU liabilities amounting to $1.50 billion on Sunday next. “Despite such large payment, we’re expecting that the gross reserve will stay over $30 billion-mark,” according to the official.
According to BB data, the country’s forex reserves rose to $31.43 billion as of September 3, 2025 from $31.18 billion recorded on August last. By end of July, 2025, the figure was $29.80 billion.
Because of the BB’s forex market intervention, the Bangladesh forex (foreign exchnage) market reference rate reversed into the upward trend after days of downturn.
According to the official data, the dollar-taka reference rate was Tk 121.684 per dollar on August 28 last. Since then it started moving up riding on BB’s dollar-buying drives to Tk 121.797 per dollar on September 4, 2025.
