Dhaka, Bangladesh (BBN)– The central bank of Bangladesh has continued its foreign exchange support through selling the US dollar directly to a commercial bank for settlement of import payment obligations.
As part of the move, the Bangladesh Bank (BB) sold US$5.0 million more at market rate to the Islami Bank Bangladesh Limited (IBBL) on Wednesday to meet the growing demand for the greenback, officials said.
On Tuesday, the central bank similarly sold $20 million to two 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 $140 million to the commercial banks to meet the growing demand for the greenback.
BBN/SSR/AD-03Dec14-11:55 pm (BST)