Written by The Banking Post
Bangladesh Bank purchased another $54 million from four banks on the interbank spot market on Monday as part of its efforts to maintain stability in the exchange rate between the US dollar and the taka.
The dollars were bought through auctions under the Multiple Price Auction method, with the cutoff rate set at Tk 122.75 per dollar, according to central bank officials.
The latest intervention comes amid a strong rise in remittance inflows ahead of Eid-ul-Azha. Workers’ remittances increased more than 15 percent year-on-year to $3.42 billion in May, compared with $2.97 billion in the same month last year.
“The purchase of US dollars from banks has helped maintain exchange rate stability for exporters and remitters, while also boosting the country’s foreign exchange reserves,” a senior central bank official said.
Since July 13, 2025, Bangladesh Bank has bought a total of $6.35 billion directly from banks under the current market-based exchange rate regime.
The central bank’s intervention also contributed to a rise in foreign exchange reserves. Gross reserves increased to $34.77 billion on Monday from $34.60 billion on May 23 under the central bank’s conventional calculation method.
Under the International Monetary Fund’s BPM6 methodology, reserves stood at $30.11 billion, up from $29.91 billion during the same period.
