BB buys $45m from commercial bank
The central bank has purchased $5.80 billion in the current fiscal year, while reserves have slipped below the $30 billion mark after the latest ACU payment
Bangladesh Bank purchased $45 million from a commercial bank today (11 May) as part of its ongoing efforts to manage the foreign exchange market.
The information was disclosed by Bangladesh Bank spokesperson and Executive Director Arief Hossain Khan this evening.
According to the central bank, the dollars were purchased at an exchange rate of Tk122.75 per dollar.
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With the latest transaction, Bangladesh Bank's total dollar purchases in May rose to $125 million.
The central bank has so far bought $5.80 billion from the market in the current fiscal year.
Meanwhile, Bangladesh's foreign exchange reserves have fallen below the $30 billion mark following the latest payment to the Asian Clearing Union (ACU).
According to the latest update from Bangladesh Bank, the country's reserves stood at $29.48 billion under the BPM-6 calculation method.
