B Mirror Report: Bangladesh Bank (BB) today purchased US$87 million from eight commercial banks through multiple auction methods as part of its ongoing efforts to maintain stability in the foreign exchange market.

According to central bank data, the dollars were bought at an exchange rate of Tk 122.30 per US dollar.

With the latest intervention, the total amount of foreign currency purchased by the central bank reached $1,535 million in February alone. Overall, Bangladesh Bank’s total dollar purchases stood at $5,468.50 million in the current fiscal year 2025–26 up to February 24.

Sources at the central bank said the move is part of Bangladesh Bank’s broader strategy to stabilise the taka against the US dollar and strengthen the country’s foreign exchange reserves. The initiative is also aimed at encouraging remittance inflows and supporting export earnings, which are key sources of foreign currency.

Market insiders believe such interventions help ease pressure on the local currency and improve confidence in the foreign exchange market. Bangladesh Bank has been closely monitoring exchange rate movements and taking necessary measures to ensure stability and smooth functioning of the currency market.