Dhaka, Bangladesh (BBN)– The central bank of Bangladesh has continued its foreign exchange support through selling the US dollar directly to the banks for settlement of import payment obligations.
As part of the move, the Bangladesh Bank (BB) sold US$20 million more at market rate to two commercial banks Tuesday to meet the growing demand for the greenback, officials said.
The banks are Pubali Bank Limited and Islami Bank Bangladesh Limited.
On Monday, the BB similarly sold $45 million to three commercial banks directly on the same ground.
Earlier on November 24 this year, the central bank resumed intervention in the foreign exchange market through selling the US dollar to the commercial banks directly after nearly two years and a half to keep the market stable.
Under the move, the central bank has so far sold $135 million to the commercial banks to meet the growing demand for the greenback.
BBN/SSR/AD-02Dec14-11:40 pm (BST)