In a bid to stabilize the foreign exchange market, Bangladesh Bank has purchased approximately $1.13 billion over the past six weeks. Officials say the move is aimed at balancing export earnings and remittance inflows, not manipulating prices.

Banking sector insiders view the initiative positively, warning that if the dollar’s price drops in official channels, remittances may shift to informal routes.

For over a year, the dollar market has remained stable at Tk 121–122 per dollar. Strong export growth and high remittance inflows have boosted supply, alongside foreign loans, strengthening reserves. During the first two months of this fiscal year, Bangladesh received more than $13.5 billion, while imports and debt repayments consumed just over $10.5 billion, leaving a sizable surplus.

To absorb the excess, Bangladesh Bank stepped in as a major buyer through dollar tenders.