Dhaka, Bangladesh (BBN)- The central bank of Bangladesh continues its foreign exchange support through selling the US dollar directly as well as overdraft (OD) facilities to the banks for settlement of import bills, officials said on Monday.
As part of the operation, the central bank sold US$5.0 million at market rate to a state-owned commercial bank (SCB) directly on Monday to meet the growing demand for the greenback.
The US dollar was quoted BDT 72.79- BDT 72.81 in the inter-bank foreign exchange market on the day against BDT 72.75 –BDT 72.80 of the previous working day, treasury officials said.
Besides, the Bangladesh Bank (BB) has provided OD facilities for $10 million to the same SCB on the same day for the same ground, the central bank official added.
“Such operation will continue in line with the market requirement,” a BB official said, adding that the central bank is monitoring the overall market situation closely.
The central bank has so far pumped in $753 million directly to the commercial banks to meet the soaring demand for the greenback in the current fiscal year, according to the central bank statistics.
BBN/SSR/SI-04Apr11-8:51 pm (BST)