Continuing its efforts to maintain stability in the foreign exchange market, Bangladesh Bank (BB) purchased another $55 million from five commercial banks on Thursday (January 29).
According to a central bank notification, the dollars were bought at a fixed exchange rate of Tk 122.30, which was also established as the “cut-off rate” for the transaction.
Steady Purchases Throughout January
The central bank has been active in the market throughout January 2026, conducting multiple rounds of dollar purchases to manage excess supply and bolster national reserves. With the latest transaction, the total amount of US dollars collected by the central bank this month alone has reached $798 million.
Summary of January Purchases:
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Jan 29: $55 million (5 banks)
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Jan 20: $45 million (2 banks)
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Jan 12: $81 million (10 banks)
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Jan 06: $223.5 million (14 banks)
In all these instances, the exchange rate remained consistent at Tk 122.30.
Surge in Remittance and Export Earnings
Arif Hossain Khan, Executive Director and Spokesperson of Bangladesh Bank, stated that during the first seven months of the 2025-26 fiscal year (July to January 29), the central bank has purchased a total of $3.93 billion from the market.
He attributed this increased supply of dollars to two primary factors:
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Robust Remittance Inflow: A steady rise in money sent by expatriates.
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Export Growth: Improved earnings from the country’s export sectors.
Aiming for $36 Billion in Reserves
Central bank sources revealed a strategic shift in policy; since August 2024, the bank has pivoted from selling dollars to buying them. This move is designed to have a positive impact on the country’s foreign currency reserves.
Bangladesh Bank is currently working toward a target of increasing reserves to $35–$36 billion by June 2026. Officials noted that because the current account is now in a balanced state, the exchange rate has remained stable between Tk 122 and Tk 123.
