B Mirror Report: The Bangladesh Bank has resumed purchasing US dollars from commercial banks after a gap of around one and a half months, as foreign exchange market conditions continue to stabilise.
On Wednesday (April 15), the central bank bought $70 million (equivalent to $7 crore) from a commercial bank through a Multiple Price Auction (MPA) system.
Both the exchange rate and cut-off rate for the transaction were set at Tk 122.75 per US dollar.
Earlier, the central bank last purchased dollars on March 2, when it bought $25 million from two banks at a cut-off rate of Tk 122.30.
So far in the current fiscal year 2025–26, Bangladesh Bank has purchased a total of $5.5635 billion from commercial banks to manage liquidity in the foreign exchange market.
Meanwhile, the inflow of remittances has continued to strengthen the external sector. In March alone, Bangladesh received a record $3.755 billion in remittances, the highest ever in a single month, equivalent to over Tk 460 billion at current exchange rates.
From April 1 to 14, the country received $1.607 billion in remittances. Total remittance inflows from July to April 14 in the current fiscal year stood at $27.81 billion, marking a 20.6% increase compared to the same period last year.
Central bank officials said that government measures to curb hundi transactions, along with incentives and improvements in banking channels, have contributed to the rise in remittance inflows. This has also helped improve foreign exchange reserves.
According to the latest data, gross reserves stood at $34.87 billion at the end of April 15, while reserves under the IMF’s BPM-6 calculation method stood at $30.20 billion.
