B Mirror Report: Remittance inflows have increased significantly this year. As a result of the surge in remittances, banks are holding excess dollars. To manage this situation, maintain a balance between supply and demand of foreign currency, and ensure stability in the foreign exchange market, the central bank has been purchasing dollars on a regular basis.
As part of this process, Bangladesh Bank bought $110 million from three commercial banks today (Sunday). The purchase was conducted through the Multiple Price Auction (MPA) method, with an exchange rate of BDT 122.30 per US dollar.
Bangladesh Bank Executive Director and Spokesperson Arif Hossain Khan confirmed the matter. He said that the central bank has purchased $920 million so far in December alone. From July 2025 to 20 December of the current fiscal year, the total amount of dollars purchased has reached $3,056 million, or approximately $3.5 billion.
Remittance inflows have also risen notably. In the first 20 days of the current month, the country received $2.1721 billion in remittances, representing an increase of about 9.5 percent compared to $1.9830 billion during the same period last year. From July to 20 December, total remittances stood at $15.21 billion, up nearly 16 percent from $13.12 billion in the corresponding period last year.
Bangladesh Bank officials stated that government and central bank initiatives to curb hundi, incentive measures, and improvements in banking channels have played a major role in boosting remittance inflows. As a result, the country’s foreign exchange reserves remain at a comfortable level.
It is worth noting that in November alone, expatriate Bangladeshis sent $2.8895 billion in remittances, equivalent to approximately BDT 352.52 billion (calculated at BDT 122 per dollar).
