Bangladesh Bank has acquired $83 million from 11 banks. The exchange rate ranged from 121 taka 47 paisa to 121 taka 50 paisa. The dollar was procured through the multi-value auction system. The cut-off rate for the dollar in this auction has been established at 121 taka 50 paisa.

Arif Hossain Khan, Executive Director and Spokesperson of Bangladesh Bank, stated that the bank purchased $83 million from 11 banks on Sunday. Of this amount, $12 million was acquired at 121 taka 47 paisa, while the remaining $71 million was bought at 121 taka 50 paisa.

A senior official from the central bank mentioned that purchasing dollars from the market is a standard procedure. The governor has repeatedly indicated that dollars will be bought from the market as needed. The central bank will sell dollars to banks based on demand. This is a strategic initiative by the central bank to regulate the market. The cut-off rate for the dollar in this auction has been set at 121 taka 50 paisa.

Previously, on July 23, $10 million was bought at a rate of 121 taka 95 paisa, and in the auctions conducted on July 13 and 15, $173 million and $313 million were purchased at a rate of 121.50 taka, respectively. Overall, the central bank has acquired a total of $579 million in the current auction process.