Bangladesh Bank buys $38m more; total dollar purchases reach $2.13b in three months
The move reflects continued strengthening of the country’s foreign currency inflows, driven by robust remittance and export earnings, per insiders
Representational image/Reuters
The Bangladesh Bank today (14 October) purchased $38 million from six commercial banks at a rate of Tk121.80 per dollar.
The purchase was made under the Multiple Price Auction method, bringing the central bank's total dollar purchases through auctions to $2.126 billion over the past three months.
The move reflects continued strengthening of the country's foreign currency inflows, driven by robust remittance and export earnings, according to insiders.
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Since initiating dollar purchases through auctions on 13 July, the central bank has conducted 15 auctions to absorb excess supply in the foreign exchange market.
Earlier this month, the central bank bought $107 million on 9 October and $104 million on 6 October, both at the same exchange rate.
