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Bangladesh Bank resumes dollar sales after 14 months
Published : Tuesday, 15 September, 2026 at 8:18 PM
Observer Online Report
Bangladesh Bank has resumed selling US dollars after more than 14 months as demand for the greenback increased in the foreign exchange market.
The central bank sold a total of $11.50 million to six banks on Monday, officials said. The move is aimed at maintaining stability in the foreign exchange market and meeting increased demand.
According to Bangladesh Bank data, the average interbank exchange rate rose to Tk 123.35 per dollar on Tuesday from Tk 123.20 a day earlier.
Higher global fuel prices, driven partly by the ongoing conflict in the Middle East, have increased Bangladesh’s import costs and boosted demand for dollars.
Brent crude rose 1.3% to $107.05 a barrel on Tuesday.
Bangladesh’s import payments increased 8.6% year-on-year to $6.44 billion in July, the first month of the current fiscal year. Petroleum product import costs jumped 83.3% to $1.37 billion during the month.
Meanwhile, export earnings fell 1.6% year-on-year to $4.35 billion in July.
The latest dollar sales mark a shift in Bangladesh Bank’s recent market intervention policy. The central bank had bought around $6 billion from the market over the past 14 months, beginning in July 2025 as dollar supply improved and pressure on the foreign exchange market eased.
A Bangladesh Bank official, speaking to The Daily Star on condition of anonymity, said such interventions were part of the central bank’s regular operations.
“Whenever the exchange rate rises or falls, Bangladesh Bank will take necessary measures,” he said, adding that the country’s foreign exchange reserves were in a healthy position and there was no reason for concern.
According to Bangladesh Bank data, foreign exchange reserves stood at $31.36 billion under the IMF’s BPM6 methodology on September 10, compared with $25.68 billion a year earlier.
MaT
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Editor : Iqbal Sobhan Chowdhury
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Published by the Editor on behalf of the Observer Ltd. from Globe Printers, 24/A, New Eskaton Road, Ramna, Dhaka.
Editorial, News and Commercial Offices : Aziz Bhaban (2nd floor), 93, Motijheel C/A, Dhaka-1000.
Phone: PABX- 41053001-06; Advertisement: 41053012; 01793317829, 01550707291, E-mail: [email protected], [email protected] Online: email: [email protected] 41053014; 01550707297 Advertisement: 01550707296
