In a decisive bid to bolster the nation’s exporters, remitters, and broader economic stability, the Bangladesh Bank (BB) has procured an additional US$202 million from 13 commercial banks through the interbank spot market. The transaction, executed on Tuesday via the Multiple Price Auction method, was completed at a cut-off rate of Tk 122.29 per US dollar, officials confirmed.

This purchase is part of the central bank’s ongoing strategy to stabilise the dollar-taka exchange rate, a vital measure to ensure smooth export operations and consistent remittance inflows. Since mid-July, BB has acquired more than US$2.50 billion from domestic banks, highlighting a proactive and sustained approach to exchange rate management under the country’s free-floating currency system.

A senior BB official told The Financial Express:
“Our targeted interventions in the foreign exchange market are intended to stabilise the taka while simultaneously strengthening the country’s foreign currency reserves. These measures deliver tangible benefits to exporters, remitters, and the economy as a whole.”

Earlier, on 4 December, the central bank purchased US$132 million from five banks using the same auction mechanism. Taken together, BB’s cumulative purchases since 13 July now total US$2.51 billion, demonstrating a consistent and deliberate policy of market engagement to maintain currency stability.

The positive impact of these operations is already visible. According to BB’s conventional calculations, gross foreign exchange reserves increased to US$31.20 billion on 1 December, up from US$31.12 billion on 27 November. Using the International Monetary Fund’s Balance of Payments Manual (BMP6, 6th edition) methodology, reserves rose from US$26.40 billion to US$26.51 billion, underscoring the robustness of Bangladesh’s forex position.

Economists emphasise that the central bank’s continued activity in the foreign exchange market is critical not only for stabilising the exchange rate but also for fostering investor confidence and sustaining export and remittance growth. These measured, timely interventions reflect BB’s commitment to shielding the domestic economy from external shocks while ensuring a strong, dependable reserve buffer.

Bangladesh Bank Forex Purchases (July–December 2025)