Dhaka, Bangladesh (BBN)- The central bank of Bangladesh purchased a record $5.15 billion from the commercial banks directly in the outgoing fiscal year (FY) 2013-14 to keep the inter-bank foreign exchange (forex) market stable, officials said Monday.
“The central bank has bought the greenback from the banks continuously 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.
As part of the move, the central bank bought $36 million from two commercial banks on Monday as part of its intervention in the market, he added.
The country's forex reserve reached $21.47 billion on Sunday from $21.42 billion of the previous day, following the US dollar purchase.
BBN/SSR/AD-30JUne14-9:38 pm (BST)