Bangladesh Bank buys $45mn more ‘to stabilise market’

The central bank has made three rounds of dollar purchases totaling nearly $500 million

Bangladesh Bank has bought another $45 million from commercial banks as part of its ongoing effort to “stabilise” the dollar market.

The fourth round of purchases took place on Thursday, with the central bank paying between Tk 121.35 and Tk 121.50 per dollar.

The move follows three earlier rounds in which Bangladesh Bank bought nearly $500 million from banks at varying rates.

“These purchases are helping to boost market liquidity while also adding to reserves,” said central bank spokesperson Arief Hossain Khan.