Dhaka, Bangladesh (BBN)- The central bank of Bangladesh has continued buying the US dollar (USD) from the commercial banks directly to keep the inter-bank foreign exchange (forex) market stable, officials said.
"We've purchased the greenback continuously from the banks aiming to protect the interests of exporters and migrant workers by keeping the exchange rate of the Bangladesh Taka (BDT) against the US currency stable," a senior official at the Bangladesh Bank (BB) told BBN in Dhaka.
He also said such intervention would continue in line with the market requirement.
As part of the move, the BB bought US$ 45 million from four private commercial banks on Tuesday at market rate.
The US dollar was quoted at BDT 77.95-Tk 77.96 in the inter-bank forex market on the day against BDT 77.76-Tk 77.97 the previous day, market operators said.
On Monday last, the central bank similarly purchased $6.0 million from Shariah-based Islami Bank on the same ground.
The BB has purchased $3.957 billion from the banks so far, in the current fiscal year (FY 2012-13) as part of the central bank's intervention in the market, according to the central bank statistics.
BBN/SSR/AD-24Apr13-9:20 am (BST)
