Dhaka, Bangladesh (BBN)- The central bank of Bangladesh has continued its foreign exchange support through selling the US dollar directly to a commercial bank for settlement of import payment obligations, officials said.
As part of the move, the Bangladesh Bank (BB) sold US$48 million more at BDT 77.92 to four commercial banks on Tuesday to meet the growing demand for the greenback.
The banks are Sonali, Janata, Agrani and the Islami Bank Bangladesh Limited (IBBL).
Earlier on November 24 this year, the central bank resumed intervention in the foreign exchange market through selling the US dollar to the commercial banks directly after nearly two years and a half to keep the market stable.
Under the move, the central bank has so far sold $266 million to the commercial banks to meet the growing demand for the greenback.
BBN/SSR/AD-24Dec14-10:25 am (BST)