Dhaka, Bangladesh (BBN) - The central bank sold US$ 5.0 million to state-owned Janata Bank Limited directly on Wednesday for adjustment of overdraft (OD) liabilities with the Bangladesh Bank (BB).
“We’ve sold the foreign currency to the state-owned commercial bank (SCB) to adjust their OD liabilities, which was created earlier for settlement of petroleum product import bills" a senior official of the Bangladesh Bank (BB) told BBN.
He also said the central bank has so far pumped in $748 million directly to the commercial banks to meet their increasing demand for the greenback in the current fiscal year.
Country's foreign exchange reserve stood at $9.72 billion Wednesday after the sale of $5.0 million by the central bank to the SCB, the central banker added.
BBN/SSR/AD-08Feb12-1:30 am (BST)
