BB buys $ 18m
Tuesday, 25 May 2010
FE Report
The central bank purchased US$18 million more from a commercial bank Monday aiming to keep the inter-bank foreign exchange market stable.
"We've bought the US currency at market rate from the commercial bank directly to aiming to keep the rate of local currency stable against the greenback," a senior official of the Bangladesh Bank (BB) told the FE.
The US dollar was quoted at Tk 69.35- Tk 69.38 in the inter-bank foreign exchange market on the day against Tk 69.32-Tk 69.35 of the previous working day, according to the central bank statistics.
He also said such intervention would continue in line with the market requirement.
A total of $2.001billion was bought from the commercial banks since July 2, 2009, as part of the central bank's intervention in the market, the central bank officials confirmed.
In fiscal 2008-09, the central bank bought worth $1.511 billion directly from the commercial banks against only $202.50 million of the previous fiscal, the BB's data showed.
The central bank purchased US$18 million more from a commercial bank Monday aiming to keep the inter-bank foreign exchange market stable.
"We've bought the US currency at market rate from the commercial bank directly to aiming to keep the rate of local currency stable against the greenback," a senior official of the Bangladesh Bank (BB) told the FE.
The US dollar was quoted at Tk 69.35- Tk 69.38 in the inter-bank foreign exchange market on the day against Tk 69.32-Tk 69.35 of the previous working day, according to the central bank statistics.
He also said such intervention would continue in line with the market requirement.
A total of $2.001billion was bought from the commercial banks since July 2, 2009, as part of the central bank's intervention in the market, the central bank officials confirmed.
In fiscal 2008-09, the central bank bought worth $1.511 billion directly from the commercial banks against only $202.50 million of the previous fiscal, the BB's data showed.