Dhaka, Bangladesh (BBN)– The central bank of Bangladesh withdrew BDT 19.10 billion from the market on Wednesday through its three bills auctions, officials said.
Nine bids of 30-day Bangladesh Bank (BB) bills amounting total of BDT 14.25 billion were offered. Of which, eight bids amounting total of BDT 14.05 billion were accepted.
The rate of weighted average yield of the accepted bids was 2.96 per cent, according to the auction result.
Three bids of 14-day BB bills amounting total of BDT 2.75 billion were offered and all the bids were accepted. The rate of weighted average yield of the accepted bids was 2.93 per cent.
On the other hand, six bids amounting total of BDT 2.85 billion were offered. Of which, four bids amounting total of BDT 2.30 billion were accepted.
The rate of weighted average yield of the accepted bids was 2.87 per cent per.
The central bank introduced two more bills –14 day and 07 day –on the day aiming to implement the monetary policy properly with effective liquidity management.
The central bank of Bangladesh reintroduced 30-day and 91-day Bangladesh Bank Bills in October 2006 as monetary policy instruments following decision that the government treasury bills and the bond auctions are exclusively used for the government debt management.
However, the auction of 91-day Bangladesh Bank Bills was discontinued to avoid duplication with 91-day Treasury Bills from January 8, 2008.

BBN/SSR/AD