BB buys $50m to stabilize Taka

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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.

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