Bangladesh Bank has bought another $70 million through an auction to maintain stability in the country's foreign exchange market.
Central bank executive director and spokesperson Arif Hossain Khan gave this information on Wednesday (May 20).
He said that the dollars were purchased from four commercial banks at a rate of Tk122.75 per dollar. The cut-off rate set in the auction was the same.
According to the central bank, Bangladesh Bank collected a total of $465 million from the market in May alone.
The amount purchased through auctions in various rounds in FY26 stood at $613.85 million so far.
Bangladesh Bank says that the supply of dollars to banks has increased due to the increase in expatriate income and export earnings in recent times.
In this situation, initiatives have been taken to further strengthen foreign exchange reserves by purchasing dollars from the market.
According to analysts, the central bank is buying and selling dollars through regular auctions to maintain a balance between the demand and supply of dollars in the market.
As a result, on the one hand, foreign exchange reserves are increasing, and on the other hand, some stability is returning to the exchange rate.
The concerned people say that if the positive trend in remittance flows continues and export earnings increase further, the central bank may continue the same strategy in the coming months.
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