As part of its continuous plan to stop the US dollar’s decline vs the taka and boost the export and remittance industries, Bangladesh Bank (BB) today bought US$104 million from eight commercial banks using a variety of auction techniques.
Data from the central bank indicates that it purchased dollars at a rate between Tk121.78 and Tk121.80.
A senior central bank official told BSS that BB had entered the market by buying US dollars from commercial banks at auction in an effort to maintain a steady exchange rate between the BDT and the US dollar.
He also said the central bank will sell the US dollar to banks through similar auction if the exchange rate of the greenback increases against the local currency.
“We may consider intervening in the market whenever necessary for ensuring the exchange rate of the US dollar against the local currency keeping it stable,” he added.
