Dhaka, Bangladesh (BBN)– The central bank of Bangladesh has purchased $104 million more from ten commercial banks to keep the inter-bank foreign exchange market stable, officials said.
“We’ve bought the US dollars from the banks at market rate on Monday aiming to keep the exchange rate of the Bangladesh Taka (BDT) against the greenback stable,” a senior official of the Bangladesh Bank (BB) told BBN in Dhaka.
The US dollar was quoted at BDT 81.78- BDT 81.80 in the inter-bank foreign exchange market on the day against BDT 81.7800 –BDT 81.8075 of the previous working day, the market operators added.
“We may continue such intervention in line with the market requirement,” another BB official said, adding that the central bank similarly purchased $25 million on Thursday from six banks on the same ground.
A total of $359.50 million was bought from the commercial banks between July 3 and July 16 last as part of BB’s intervention in the market, they added.
The country’s foreign exchange reserve rose to around $10.20 billion on Monday from $10.08 billion of the previous day, following the purchase of the US dollars from the banks.
BBN/SSR/AD-17July12-8:08 am (BST)
