DHAKA (Oct 6) — The Bangladesh Bank on Sunday purchased $104 million from eight commercial banks using the multiple price auction method, as part of its ongoing effort to manage foreign exchange liquidity in the market.
According to the central bank, the exchange rate ranged between Tk 121.78 and Tk 121.80 per dollar during the auction.
With this latest transaction, the total dollar purchases in the current fiscal year under the auction method have reached $1.981 billion.
The multiple price auction method allows banks to submit competitive bids, with the accepted rates determined by market dynamics, ensuring a more flexible and transparent exchange mechanism.
Officials said the central bank continues to use this approach to stabilize the taka and manage forex reserves efficiently, as part of broader efforts to maintain stability in the domestic currency market.