Dhaka, Bangladesh (BBN)– The central bank of Bangladesh purchased US$40 million more from three commercial banks on Thursday to help keep the inter-bank foreign exchange (forex) market stable, officials said.
“The central bank has purchased the greenback from the banks directly at market rate to protect the interests of exporters and migrant workers by keeping the exchange rate of the Bangladesh Taka (BDT) against the US dollar stable,” a senior official of the Bangladesh Bank (BB) told BBN in Dhaka. “We may continue such intervention in line with the market requirement.”
The US dollar was quoted at BDT 77.80 in the inter-bank forex market unchanged from the previous level, market operators said.
A total of $2.86 billion was bought from the commercial banks between July 2 and April 30 of the current fiscal year (FY) 2014-15 for offsetting its increased supply to the market.