Bangladesh Bank purchases $206 million in auction to ease dollar pressure

PNN News Desk

Bangladesh Bank has procured an additional $206 million from the market through an auction to stabilize the Taka against the US dollar and support remittances and exports. The purchase was made from 15 commercial banks.

Executive Director and spokesperson Arif Hossain Khan confirmed on Thursday that the auction rate was 122.30 Taka per US dollar.

According to the central bank, a total of $617 million has been purchased so far in January. Since the start of FY 2025–26, Bangladesh Bank has bought $3,752.50 million from the market.

Officials said the auction aims to maintain foreign exchange market stability, increase dollar supply, and reduce depreciation pressure on the Taka, alongside other initiatives to boost remittance and export income. Economists said these measures may provide short-term relief in the dollar market, but long-term export growth and foreign investment are key for sustainable solutions.