Hits almost $1bn in less than 2 months

Business Report :

To stabilize the country’s forex market, the Bangladesh Bank’s (BB) dollar purchase from commercial banks has reached almost $1-billion mark in less than two months.

With the latest interventions of buying $47.50 million more through auctions from the interbank spot market on Tuesday, the central bank has so far purchased $995.50 million since July 13 under the free-floating exchange rate arrangement.

Bankers and money market analysts said the dollar-buying move by the banking regulator is not only helping keep the dollar-taka exchange rate stable but also contributing to make its foreign exchange reserve as stronger as possible even after repayment of the upcoming ACU (Asian Clearing Union) liabilities of $1.50 billion.

Simultaneously, the purchases are also easing liquidity pressures, as the central bank injects over Tk 121 billion in exchange for dollars, according to central bank sources.

According to BB data, the country’s gross forex reserves rose to $31.39 billion as of September 2 from $31.19 billion recorded on August 28. By end of July, the figure was $29.80 billion.
As of September 2, 2025, the country’s foreign exchange reserves stood at $26.34 billion under the BPM6 calculation method.

Following Bangladesh Bank’s forex market intervention, the forex reference rate has reversed the trend after days of downturn.

According to official data, the dollar-taka reference rate was Tk121.68 per dollar on August 28.
Since then, it started moving up riding on BB’s dollar-buying drives. The rate hit Tk121.86 per dollar on September 2.