Bangladesh Bank resumes dollar purchase

Bangladesh Bank (BB) has resumed purchasing US dollars from the market after one and a half months, driven by higher inflows than outflows amid strong remittance earnings.

Today, the central bank bought $70 million from Islami Bank Bangladesh at a cut-off rate of Tk 122.75 per US dollar.

Earlier, on March 2, BB purchased $25 million from two commercial banks through multiple auction methods.

During the 2025-26 fiscal year, total US dollar purchases stood at $5.56 billion, according to BB data.

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

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In addition, remittance inflows stood at $1.60 billion between April 1 and April 14 this year, up 25.2 percent year-on-year, data showed.

The banking regulator began purchasing dollars at the start of the current fiscal year as supply increased, supported by higher export earnings and remittance inflows.

However, between FY21 and FY25, Bangladesh Bank sold more than $25 billion from its foreign exchange reserves to meet import payments for fuel, fertiliser, and food.

Due to BB’s recent dollar purchases, gross foreign exchange reserves rose to $34.87 billion today, up from $34.60 billion two days earlier.