Dhaka, Bangladesh (BBN) – Bangladesh Bank (BB) purchased US$11 million more from the commercial banks on Monday aiming to keep the country’s inter-bank foreign exchange (forex) market stable, officials said.
“The central bank has bought the US dollar from two banks directly at market to protect the interests of exporters and migrant workers,” a BB senior official told BBN in Dhaka.
The banks are National Bank Limited and Bank Asia Limited.
The US dollar was quoted at BDT 77.80 in the inter-bank forex market on the day unchanged from the previous level, according to the central bank statistics.
“We’ll continue such intervention in line with the market requirement,” another BB official said without elaborating.
Earlier on January 12 last, the central bank resumed purchasing the US dollar from the banks after around three months because of lower demand for the greenback in the market.
A total of around $1.51 billion was bought from the commercial banks between July 2 and January 26 of the fiscal year (FY) 2014-15 for offsetting its increased supply to the market.
BBN/SSR/AD-27Jan15-7:57 am (BST)