Bangladesh Bank Boosts Dollar Purchases Significantly

In a decisive move to maintain the country’s foreign currency reserves, Bangladesh Bank purchased a total of USD 171 million from 16 commercial banks on Wednesday, 4 February. The central bank set the cut-off rate at BDT 122.30 per US dollar, which simultaneously served as the official exchange rate for the transaction.

According to a press release from Bangladesh Bank, this latest acquisition brings the total dollar purchase for February to USD 389.50 million. For the ongoing fiscal year 2025–26, the central bank’s cumulative purchases have now reached USD 4.323 billion.

Bangladesh Bank Executive Director and spokesperson Arif Hossain Khan commented:
“Today we purchased USD 171 million from 16 commercial banks. This increases the total for February to USD 389.50 million and raises the fiscal year’s cumulative purchases to USD 4.323 billion.”

Since the beginning of 2026, the central bank has actively intervened in the domestic market to ensure sufficient availability of US dollars. This strategy helps stabilise the foreign exchange market, supports import-export operations, and mitigates exchange rate volatility.

The following table provides a summary of recent dollar purchase operations by Bangladesh Bank:

Date Number of Banks Purchase Amount (Million USD) Exchange Rate (BDT/USD)
6 January 14 223.5 122.30
12 January 10 81.0 122.30
20 January 2 45.0 122.30
29 January 5 55.0 122.30
2 February 16 218.5 122.30
4 February 16 171.0 122.30

Economists note that consistent and planned market interventions of this nature are crucial for maintaining economic stability and preventing market disruptions. Analysts predict that further dollar purchases may occur before the end of February, helping avert domestic currency shortages and sustaining the nation’s trade balance.

These proactive measures underscore Bangladesh Bank’s commitment to strengthening financial resilience amid global currency fluctuations, ensuring that the country’s economy remains stable and well-equipped to absorb external shocks.

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