BB monitoring forex market situation
Friday, 16 November 2007
FE Report
The Bangladesh Bank (BB) sold Thursday US dollar as part of its ongoing move to keep the foreign exchange market stable.
The central bank sold US$21 million at prevailing market rate to four commercial banks on the day to meet the growing demand for the greenback, official sources said.
"We are closely monitoring the overall foreign exchange market," a BB senior official told the FE Thursday, adding that the central bank will take measures in line with the market behaviour.
The US dollar was quoted at Tk 68.61 in the inter-bank foreign exchange market on the day, unchanged from the previous working day, market sources said.
The BB started intervening in the market over the last two weeks aiming to keep the inter-bank foreign exchange market stable.
The Bangladesh Bank (BB) sold Thursday US dollar as part of its ongoing move to keep the foreign exchange market stable.
The central bank sold US$21 million at prevailing market rate to four commercial banks on the day to meet the growing demand for the greenback, official sources said.
"We are closely monitoring the overall foreign exchange market," a BB senior official told the FE Thursday, adding that the central bank will take measures in line with the market behaviour.
The US dollar was quoted at Tk 68.61 in the inter-bank foreign exchange market on the day, unchanged from the previous working day, market sources said.
The BB started intervening in the market over the last two weeks aiming to keep the inter-bank foreign exchange market stable.