BB buys $50m to stabilize Taka

Date:

Post View:

BB buys $50m to stabilize Taka

B Mirror Report: Bangladesh Bank (BB) on Wednesday purchased US$50 million from four commercial banks through multiple auction methods as part of its ongoing efforts to stabilize the foreign exchange market.

According to central bank data, the dollars were bought at a rate of Tk 122.75 per US dollar.

With this latest intervention, the central bank’s total dollar purchases stood at $120 million in April 2026 and $5,613.50 million in the fiscal year 2025–26.

Sources said the Bangladesh Bank is actively purchasing US dollars as part of its strategy to stabilize the taka against the US dollar, while also supporting remittance inflows and export earnings.

Officials noted that such interventions are aimed at maintaining stability in the foreign exchange market amid fluctuating demand for the dollar.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_img

Popular

More like this
Related

Anti-Corruption inter-school debate competition held in Pabna

Mansur Pabna Correspondent: A lively inter-school debate competition aimed...

Al-Arafah Islami Bank held Town Hall Meetings

A day-long Town Hall Meeting of Al-Arafah Islami Bank's...

Dr. Md. Manjurul Kadir Appointed as the New Director General of BARI

Renowned agricultural scientist Dr. Md. Manjurul Kadir has been...

BSEC fines 12 for Fine Foods share manipulation

The Bangladesh Securities and Exchange Commission (BSEC) has imposed...