BB buys $22.50 million more from three banks

Last updated: July 9, 2012
Dhaka, Bangladesh (BBN)- The central bank has purchased $22.50 million more from three commercial banks to keep the inter-bank foreign exchange market stable, officials said.
 
“The central bank bought the US dollars from the banks at market rate on Sunday 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 81.80 – BDT 81.82 in the inter-bank foreign exchange market on the day unchanged from the previous day, market operators said.
 
He also said the central bank similarly purchased $53 million Thursday from different commercial banks on the same ground. “We may continue such intervention in line with the market requirement.”
A total of $105 million was bought from the commercial banks in the last one week of this fiscal year as part of its intervention in the market, they added.
 
BBN/SSR/AD-09July12-9:35 am (BST) 
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