Bangladesh Bank (BB) on Thursday purchased an additional $206 million from 15 banks through a formal auction - and so far in 6 months, bought $3.75 billion.

The move is part of the central bank's ongoing strategy to manage excess liquidity in the market and stabilize the exchange rate of the US dollar.

As a result, Bangladesh’s forex gross reserves rose to $33.78 billion while the BPM6 reserves stood at $29.18 billion.

Arif Hossain Khan, Executive Director and Spokesperson of the central bank, confirmed the transaction.

He stated that the supply of dollars currently exceeds market demand, prompting the central bank to intervene to protect the interests of exporters and remittance earners by preventing the dollar's value from falling too low.

With this latest acquisition, the central bank’s total dollar purchases for the month of January 2026 alone have reached $617 million. Since the intervention strategy began in July last year, Bangladesh Bank has bought a cumulative total of $3.75 billion from the country’s commercial banks.

The spokesperson noted that the central bank remains committed to maintaining a balanced market price. "We have been buying dollars since July to ensure that the exchange rate remains stable for our key stakeholders," said Khan.

The central bank has been active in the market across multiple phases since mid-2025. Records show a steady increase in both the volume of purchases and the exchange rate.

Market Stability and Reserves

Financial analysts suggest that the increased inflow of remittances and a relative decrease in import pressure have improved the dollar supply. By purchasing the surplus, Bangladesh Bank is not only supporting exporters but also gradually rebuilding its foreign exchange reserves, which had faced significant pressure in previous years.

The central bank indicated that it would continue to monitor the market and conduct auctions as needed to ensure that the taka-dollar exchange rate does not experience sudden or extreme fluctuations.