BB so far bought $5.38 billion in FY26

Bangladesh Bank has purchased $5.38 billion from the foreign exchange market so far in fiscal year 2025-26, reflecting continued efforts to manage liquidity and stabilise the exchange rate.

The central bank today bought $123 million from eight commercial banks at a cut-off rate of Tk 122.30 per US dollar.

With the latest intervention, total dollar purchases in February reached $1.448 billion.

The central bank has been buying the US dollar in recent months amid improved inflows and easing pressure on the foreign exchange market.

Between FY21 and FY25, Bangladesh Bank sold more than $25 billion from its foreign exchange reserves to meet import payments for fuel, fertiliser and food.

However, it has resumed purchasing dollars since the beginning of the current fiscal year as supply increased on the back of higher export earnings and remittance inflows.

Since July, the taka has appreciated against the US dollar.

The country’s foreign exchange reserves have continued to rise due to the central bank’s steady dollar purchases.

Reserves stood at $30.06 billion on February 19 this year, as per the IMF calculation, up from $20.79 billion on the same date a year ago, according to Bangladesh Bank data.