BB buys $55m to steady Taka

Bangladesh Bank (BB) continued its dollar purchases on Thursday, buying $55 million from five banks through an auction on the interbank spot market, as part of its efforts to stabilise the exchange rate of the US dollar against the taka.
The dollars were bought under the Multiple Price Auction method, with the cut-off rate fixed at Tk 122.30 per dollar, according to central bank officials.
With the latest intervention, the banking regulator has purchased a total of $798 million so far in January.
Since July 13 last year, Bangladesh Bank has bought $3.93 billion directly from banks under the prevailing free-floating exchange rate arrangement, central bank data show.
"We are purchasing the greenback from banks to support exporters as well as remitters by keeping the exchange rate stable," a senior BB official told The Financial Express, explaining the rationale behind the central bank's continued intervention in the foreign exchange market.
The official added that the ongoing dollar purchases are also helping to strengthen the country's foreign exchange reserves.
According to Bangladesh Bank data, the gross foreign exchange reserve stood at $33.18 billion as of January 29, 2026, even after clearing payments amounting to $1.53 billion to Asian Clearing Union (ACU) member countries earlier this month.

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