B Mirror Report:  Bangladesh Bank on Monday purchased $100 million from six commercial banks as rising remittance inflows and export earnings boosted the supply of US dollars in the local market.

The central bank bought the dollars through the Multiple Price Auction (MPA) method at an exchange rate of Tk122.75 per dollar, according to officials.

With the latest purchase, Bangladesh Bank has bought a total of $5.98 billion from commercial banks so far in the current fiscal year 2025–26, central bank Executive Director and spokesperson Arif Hossain Khan confirmed.

Officials at the central bank said the move aims to maintain stability in the foreign exchange market and prevent the dollar rate from falling too sharply, which could discourage exporters and expatriate Bangladeshis from sending remittances.

Over the past several months, Bangladesh Bank has been actively buying and selling dollars based on market conditions. While the regulator had earlier sold large amounts of dollars from reserves to support the market, it has gradually shifted toward purchasing foreign currency since the beginning of the current fiscal year to ease pressure on reserves.

Economists believe the latest dollar purchase will help strengthen the country’s foreign exchange reserves.

Market analysts said the MPA system allows for more transparent and competitive pricing in foreign currency transactions, which is beneficial for banks. However, they noted that ensuring long-term stability in the dollar market will require stronger export growth and higher remittance inflows alongside import management measures.

Amid continued pressure on reserves and external payment balances, analysts said Bangladesh Bank’s interventions in the currency market are playing a significant role in restoring confidence and maintaining exchange rate stability.