Bangladesh Bank (BB) purchased a total of US $223.50 million from 14 banks on Tuesday as part of its ongoing effort to stabilise the foreign exchange market.
Arif Hossain Khan, Executive Director and Spokesperson of Bangladesh Bank, said the central bank purchased $223.50 million from 14 commercial banks today at a rate of Tk 122.30.
According to a notice issued by the central bank on Tuesday, this latest intervention brings the total amount of dollars purchased in the first six months of the FY2025–26 (from July to January 6) to $3.55 billion.
For January, 2026 alone, the central bank’s total purchases have already reached $411 million within the first week.
Financial analysts said central bank is aggressively buying dollars from the market due to a surge in remittance inflows and export earnings.
By purchasing the excess supply, the central bank aims to prevent the taka from over-appreciating, which helps keep Bangladeshi exports competitive.
This also helped build up foreign exchange reserves which have faced pressure in recent years, they said.
This strategy marks a significant shift from previous years when the central bank was primarily selling dollars from its reserves to defend the local currency.