BBN file photo

Dhaka, Bangladesh (BBN)– The exchange rate of the Bangladesh Taka (BDT) remained stable against the US dollar in the last week despite higher demand for the greenback for settling the import bills.

The US dollar was quoted at BDT 84.12 each in the inter-bank foreign exchange market on Wednesday unchanged from the previous level.

The Bangladesh Bank (BB), however, sold US$21 million to the commercial banks particularly public ones in the last week for keeping the forex market stable.

In the last week, the central bank also sold $122 million to the banks for making import payments, particularly for fuel-oils, fertilizer, LNG (liquefied natural gas) and capital machinery for power plants.

The BB is continuously providing such foreign currency support to the banks for making import payment obligations against the essential items in the recent months.

A total of $1.60 billion has been sold since July 01 of the current fiscal year (FY), 2018-19, to the commercial banks as part of BB’s ongoing support, according to latest official figures.

The central bank may continue providing such foreign currency support to the banks in line with the market requirement.

The banks were quoted the US dollar at maximum BDT 84.20 each for sale of Bill for Collection (BC) on Wednesday unchanged from the previous level.

BBN/SSR/AD