Dhaka, Bangladesh (BBN)- The central bank purchased US$60 million more from four commercial banks on Wednesday to keep the inter-bank foreign exchange (forex) market stable, officials said.
“We’ve purchased the greenback from the banks at market rate to protect the interests of exporters and migrant workers by keeping the exchange rate of the local currency against the greenback stable,” a senior official of the Bangladesh Bank (BB) told BBN in Dhaka.
The US dollar was quoted at BDT 79.36-BDT 79.42 in the inter-bank foreign exchange market on the day against BDT 79.41-BDT 79.42 of the previous day, market operators said.
On Tuesday, the central bank similarly purchased $54 million from four commercial banks on the same ground.
The BB purchased $2.495 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.
The country’s foreign exchange (forex) reserve reached $12.94 billion Wednesday from $12.80 billion of the previous day, following the US dollar purchase.
“Such intervention will continue in line with the market requirement,” the BB official noted.
BBN/SSR/AD-23Jan13-9:47 pm (BST)
