Dhaka, Bangladesh (BBN)- The central bank of Bangladesh has purchased $20 million from three commercial banks to keep the inter-bank foreign exchange market stable, officials said.
“The central bank has bought the US dollars from the banks at market rate aiming to keep the exchange rate of the local currency against the greenback stable,” a senior official of the Bangladesh Bank (BB) told BBN in Dhaka on Tuesday.
He also said the central bank may continue such intervention in line with the market requirement.
The US dollar was quoted at BDT 81.80 – BDT 81.82 in the inter-bank foreign exchange market on the day against BDT 81.81 – BDT 81.83 of the previous working day.
The central banker said the BB also similarly purchased $4.0 million on Monday from two commercial banks on the same ground.
A total of $24 million was bought from the commercial banks in the last two days of this fiscal year as part of its intervention in the market, they added.
Bangladesh’s foreign exchange reserve rose to $10.45 billion Tuesday from $10.41 billion of the previous day, following the purchase of the US dollars from the banks.
BBN/SSR/AD-04July12-9:43am (BST)
