Bangladesh Bank buys $149mn from banks to steady forex market

Bangladesh Bank has expanded its dollar purchases as part of its
strategy to stabilise the foreign exchange market and support the
inflow of remittances and repatriated export earnings, The
Financial Express reported. On December 11, the central bank
bought around $149mn from 16 banks through its Multiple Price
Auction system, with the exchange rate set between BDT122.25 and
BDT122.29 per dollar.

The latest acquisition underscores the bank’s increasing
reliance on auctions to boost foreign currency reserves and inject
liquidity into the market at a time of continued pressure on the
taka. With this purchase, the total volume of dollars secured
through the auction mechanism in the current FY2025–26 has reached
$2.663bn.

Bangladesh Bank began using the Multiple Price Auction framework
on July 13 as part of a broader policy shift aimed at improving
transparency and smoothing volatility in the currency market. Since
then, it has steadily accumulated foreign currency to support
overall market stability and manage demand-supply imbalances.

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