Bangladesh Bank has purchased 25 million US dollars from two commercial banks in a move to maintain stability in the foreign exchange market amid increased inflows of remittances and export earnings.
The dollars were bought on Thursday through the Multiple Price Auction (MPA) method, according to officials.
The central bank fixed the exchange rate at Tk 122.75 per US dollar for the transaction, said Bangladesh Bank Executive Director and spokesperson Arif Hossain Khan.
Officials said the decision comes as higher inflows of remittances and export earnings have increased the supply of dollars in the market.
According to Bangladesh Bank data, the central bank has purchased a total of $6.4165 billion from commercial banks in the current fiscal year 2025-26 so far. Of this, $101 million was bought in the first four days of June alone.
Central bank officials said that if the dollar weakens excessively, it could discourage exporters and remittance senders. Therefore, Bangladesh Bank is intervening in the market to keep the exchange rate at a stable and acceptable level.
Previously, the central bank had sold large volumes of dollars from its reserves to meet foreign currency demand. However, with improving market conditions, it has shifted to buying dollars to strengthen reserves.
Economists said the move would help boost foreign exchange reserves while also contributing to stability in the exchange rate.
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