BB buys $25m more from two banks

The central bank has purchased nearly US$ 5.50 billion from the banks over seven months, aiming to support exporters and remitters by keeping the exchange rate of the US dollar against the Bangladesh Taka (BDT) stable.

As part of the ongoing intervention, the Bangladesh Bank (BB) bought $25 million more on Monday through an auction from two commercial banks in the interbank spot market.

The latest amount was bought under the Multiple Price Auction method, and the cutoff rate was Tk 122.30 per dollar, according to officials.

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