The latest action by the central bank occurred on Sunday (July 13) following a decline in the exchange rate of the US dollar against the Bangladeshi Taka (BDT), which came more than a week after a significant increase in remittance inflows and export earnings.
The central bank established a cut-off rate of Tk 121.50 for dollar purchases, which is higher than the roughly Tk 120 offered by most banks.

A senior official indicated that the Bangladesh Bank (BB) has stepped into the market by acquiring US dollars from commercial banks via an auction, with the goal of stabilizing the BDT’s exchange rate against the dollar.

Additionally, he mentioned that the central bank would sell US dollars to banks through a similar auction if the dollar’s exchange rate rises against the local currency. “We may consider market intervention whenever necessary to ensure the stability of the US dollar’s exchange rate against the local currency,” he stated.

According to a senior treasury official at a prominent private commercial bank (PCB), the exchange rate of the US dollar is anticipated to increase to Tk 121.50 per unit today, up from Tk 120 on Sunday.

On Sunday, most banks reported the exchange rate of the US dollar at approximately Tk 120 per unit, which was over Tk 123 more than a week prior.