Bangladesh Bank has bought another USD 83 million from 11 banks through an auction at rates between Tk 121.47 and Tk 121.50 to stabilize the dollar price and support remittance and export sectors. This brings the total purchase in the current 2025-26 fiscal year to USD 622 million. Officials say this intervention aims to prevent sudden fluctuations in the exchange rate amid a surplus dollar supply in the market.
Bangladesh Bank has once again stepped in to support the stability of the dollar exchange rate. On Sunday (August 10), the central bank purchased USD 83 million from 11 commercial banks through a multi-price auction. The buying rate ranged from Tk 121.47 to Tk 121.50, with the cut-off rate set at Tk 121.50.
This latest purchase is part of an ongoing strategy to prevent a sharp fall in the dollar’s value, ensuring a stable exchange rate to benefit remittance senders and exporters. So far in the 2025–26 fiscal year, Bangladesh Bank has bought a total of USD 622 million. Prior to this, the bank bought USD 45 million on August 7 at Tk 121.35–121.50, and USD 10 million on July 23 at Tk 121.95, marking a notable drop of 45 basis points in rates.
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The intervention began on July 13, when Bangladesh Bank purchased USD 171 million at Tk 121.50, followed by another USD 313 million on July 15 at the same rate. Officials explained that such measures are necessary to set a signal rate for the market and prevent rapid dollar depreciation.
According to a senior auction committee official, banks had offered to sell nearly USD 100 million in this latest round, but the central bank purchased only the amount deemed necessary.
Market insiders say the banking sector is currently witnessing a surplus dollar supply. On average, Bangladesh receives USD 2.5 billion in remittances and exports goods worth USD 4 billion every month bringing the total monthly dollar inflow to about USD 6.5 billion. Meanwhile, due to reduced investment-related imports, the monthly import bill has dropped to USD 4–4.5 billion. This surplus is putting downward pressure on the dollar rate, which the central bank’s purchases are helping to counter.
Source: TBS
