BB buys $14m more from three banks
FE Report | Tuesday, 10 March 2009
The central bank purchased $14 million more from three commercial banks Monday to keep the inter-bank foreign exchange market stable.
"We've bought the US cuurency from the commercial banks at market rate to help the banks comply with the net open position (NOP) rules on maintaining the foreign currency fund," a senior official of the Bangladesh Bank (BB) told the FE.
The US dollar was quoted at Tk 68.96- Tk 98.97 in the inter-bank foreign exchange market on the day against Tk 68.93 of the previous working day.
The central bank continues its intervention in the inter-bank foreign exchange market through selling and buying of the US currency directly and providing overdraft (OD) facilities to the banks aiming to keep the market stable.
On Thursday last, the BB similarly purchased $21.50 million from six commercial banks on the same ground, the central bank officials said.
The central bank of Bangladesh renewed its intervention in the market by buying the US currency directly from the commercial banks on January 15 last to keep the market steady.
Since then, the BB has bought $256.70 million from commercial banks as part of its intervention in the market, they confirmed.
"We've bought the US cuurency from the commercial banks at market rate to help the banks comply with the net open position (NOP) rules on maintaining the foreign currency fund," a senior official of the Bangladesh Bank (BB) told the FE.
The US dollar was quoted at Tk 68.96- Tk 98.97 in the inter-bank foreign exchange market on the day against Tk 68.93 of the previous working day.
The central bank continues its intervention in the inter-bank foreign exchange market through selling and buying of the US currency directly and providing overdraft (OD) facilities to the banks aiming to keep the market stable.
On Thursday last, the BB similarly purchased $21.50 million from six commercial banks on the same ground, the central bank officials said.
The central bank of Bangladesh renewed its intervention in the market by buying the US currency directly from the commercial banks on January 15 last to keep the market steady.
Since then, the BB has bought $256.70 million from commercial banks as part of its intervention in the market, they confirmed.