So far, Bangladesh Bank has brought in $622 million in fiscal 2026.
On August 10, the central bank purchased an additional $83 million through dollar auctions, continuing its efforts to stabilize the US dollar and support the remittance and export sectors.
According to central bank data, this purchase was made at a rate of TK121.47-121.50.
To date, the total amount brought in by Bangladesh Bank for fiscal 2026 stands at $622 million.
Earlier, on August 7, the bank had bought $45 million at a rate of TK121.35-121.50. This indicates a decrease of at least 45 basis points compared to a $10 million purchase made on July 23, where the cut-off rate was TK121.95.
These interventions began back on July 13, when the central bank made its first historic dollar auction, purchasing $171 million at TK121.50. This was shortly followed by another acquisition of $313 million on July 15 at the same price. Officials have stated that these purchases aim to provide market signals to stabilize the dollar’s value, preventing its rapid depreciation.
A senior official from the central bank auction committee mentioned last week that the bank was willing to sell approximately $100 million, with actual purchases made based on market conditions.
Officials noted that both drastic increases and decreases in the dollar exchange rate can be problematic. “Necessary actions are being taken to stabilize the exchange rate, which will support exporters and remittances,” the official elaborated.
An assistant managing director from a large private bank observed that the current influx of dollars in the banking sector exceeds requirements.
“We are averaging $2.5 billion in remittances, with $4 billion in monthly exports, which brings our total monthly inflow to about $6.5 billion,” he explained.
Conversely, monthly import bills have dropped to $4.5 billion due to a decrease in investment-related imports.
“This surplus in inflow is contributing to a decline in the dollar rate, while the central bank’s interventions are aiming to prevent a sharp decline,” he added.
