Dhaka, Bangladesh (BBN)- The central bank has purchased $25 million more from six commercial banks to keep the inter-bank foreign exchange market stable, officials said.
“The central bank purchased the US dollars from the banks at market rate on Thursday 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 81.8000 – BDT 81.8025 in the inter-bank foreign exchange market on the day against BDT 81.8000-BDT 81.8100 of the previous working day, market operators said.
The BB official also said the central bank similarly purchased $63 million on Wednesday from 10 commercial banks on the same ground. “We may continue such intervention in line with the market requirement.”
A total of $255.50 million was bought from the commercial banks between July 3 and July 12 last of this fiscal year as part of BB’s intervention in the market, they added.
BBN/SSR/AD-13July12-3:20 pm (BST)
