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

ADB chief Masato Kanda calls on PM

A high-level delegation from the Asian Development Bank (ADB),...

Bangladesh to hold first trade and investment conference in June

Bangladesh will host its inaugural Trade and Investment Conference...

BRB Cable begins IPO process to enter stock market

BRB Cable Industries Limited, one of Bangladesh’s leading electrical...

Bangladesh takes fresh steps to recover smuggled funds

B Mirror Report:  The government has signed agreements with...