Bangladesh Bank has sold $205 million from its foreign exchange reserves to commercial banks to stabilise the dollar exchange rate, bringing the dollar price at remittance houses down to below Tk125.
The central bank sold each dollar at Tk124.74 through an auction to commercial banks on Thursday. However, it instructed the participating banks not to resell the dollars in the interbank market.
Following the dollar sale, the country's foreign exchange reserves fell to $29.82 billion.
Meanwhile, the US dollar index rose by 0.11 per cent to 102.98 against other major currencies in the global market, marking its highest level in 19 months.
-MT