Bangladesh Bank buys 10 million dollars to stabilize dollar market

Staff Report: PNN

Bangladesh Bank has once again purchased US dollars from the market to maintain stability in the foreign exchange market. On Thursday, the central bank bought a total of 10 million US dollars from six commercial banks.

According to Bangladesh Bank sources, the dollars were purchased at a rate of 122.75 taka per dollar. Officials said this initiative aims to strengthen foreign exchange reserves and control volatility in the dollar market.

So far in the current month of May, the central bank has collected a total of 565 million US dollars from the market. The central bank is monitoring liquidity conditions in the foreign exchange market through continuous dollar purchases.

Meanwhile, from the beginning of the 2025–26 fiscal year to date, Bangladesh Bank has purchased a total of 6,238.5 million US dollars. Officials say that due to increased remittance inflows and export earnings, the supply of dollars has recently increased, allowing the central bank to add dollars to reserves.

Economists believe that maintaining strong reserves has become one of the central bank’s top priorities to manage external payment pressures and import cost management.