BB buys another $50 million from four banks

Bangladesh Bank today purchased $50 million from four commercial banks at a cut-off rate of Tk 122.75 per US dollar, driven by higher inflows than outflows amid strong remittance earnings.

Remittance inflows reached an all-time high of $3.75 billion in March, as Bangladeshis working abroad sent increased amounts to their families ahead of Eid-ul-Fitr.

Between April 1 and April 14 this year, remittance inflows stood at $1.60 billion, up 25.2 percent year-on-year, according to official data.

On Wednesday, the banking regulator resumed dollar purchases after one and a half months, buying $70 million from Islami Bank Bangladesh.

With the latest transaction, the central bank’s total dollar purchases for April rose to $120 million, officials said.

Cumulatively, the central bank has bought $5.61 billion from the market so far in the current fiscal year (2025–26).

Following the recent dollar purchases, gross foreign exchange reserves rose to $34.87 billion today, up from $34.60 billion two days earlier.