BB buys US$38m through dollar auction

BSS
Published On: 14 Oct 2025, 18:05

 
DHAKA, Oct 14, 2025 (BSS) - Bangladesh Bank (BB) today purchased US$38 
million from six commercial banks through multiple auction methods as part of 
its ongoing strategy to curb the depreciation of the US dollar against the 
Taka and revitalise the remittance and export sectors.

The central bank set a cut-off rate of Taka 121.80 for these dollar 
purchases, according to the central bank data.

Bangladesh Bank has bought a total of $2,126 million from commercial banks 
till now of the fiscal year 2025-26 (FY26). 

Talking to BSS, a senior official of the central bank said BB has intervened 
in the market by purchasing US dollars from commercial banks through an 
auction aiming to keep the exchange rate of the BDT against the greenback 
stable.

He also said the central bank will sell the US dollar to banks through 
similar auctions if the exchange rate of the greenback increases against the 
local currency.

"We may consider intervening in the market whenever necessary for ensuring 
the exchange rate of the US dollar against the local currency remaining 
stable," the official added.

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