Dhaka, Bangladesh (BBN) - The central bank of Bangladesh withdrew BDT 39.20 billion from the market on Tuesday using its bills, officials said.
Bangladesh Bank (BB), the country’s central bank, withdrew BDT 10.75 billion from the market through accepting seven bids at an auction of 07-Day BB bill held on the day. The rate of weighted average yield of the accepted bids was 2.98 per cent.
The BB also accepted seven bids worth BDT 28.25 billion at an auction of 14-Day BB bills on the same day, according to the auction results, released on Wednesday.
Another BDT 200 million was withdrawn using 30-Day BB bills, it added.
The rate of weighted average yield of 14-Day BB bills and 30-Day bills were 2.98 per cent and 2.96 per cent respectively.
The BB uses its bills as monetary instruments to mop up surplus liquidity from the market, they added.
Currently, 07-Day BB bill, 14-Day BB bill and 30-Day BB bill are using for mopping up excess fund from the market.
BBN/SSR/AD