Dhaka, Bangladesh (BBN)– Bangladesh Bank (BB) has strengthened purchase of the US dollar from the commercial banks directly to keep the inter-bank foreign exchange (forex) market stable, officials said.
“We’ve expedited our intervention in the forex market aiming to protect the interests of exporters and migrant workers by keeping the exchange rate of the local currency against the greenback stable,” a BB senior official told BBN in Dhaka.
As part of the move, the BB bought US$35 million from four commercial banks on Wednesday at market rate.
The US dollar was quoted at BDT 77.80 in the inter-bank forex market unchanged from the previous level, market operators said.
The central bank has also purchased $55 million from two banks on the same ground.
The central bank purchased around $2.0 billion from the banks, so far, in the current fiscal year (FY 2014-15) as part of the central bank’s intervention in the market, according to the central bank statistics.
BBN/SSR/AD-04Mar15-11:46 pm (BST)
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