Dhaka, Bangladesh (BBN)– The central bank of Bangladesh has continued to provide foreign currency support to the commercial banks through selling of the US dollar to facilitate settlement of import bills.
“The central bank sold US$3.0 million more at market rate to a state-owned specialized bank on Tuesday to meet the requirement for the US currency,” a senior official of the Bangladesh Bank (BB) said.
The US dollar was quoted at BDT 71.83-BDT 71.89 in the inter-bank foreign exchange market on the day against BDT 71.72-BDT 71.79 of the previous working day, market operators said.
The BB official also said: “Our foreign exchange support to the commercial banks is mainly purported to settling import payment bills for food grains, fuel oil and power plant equipment.”
Last Thursday, the central bank sold $23 million to a state-owned commercial bank on the same ground, the BB official added.
BBN/SSR/AD-16Mar11-11:43 am (BST)
