bdnews24.com :
The central bank is continuing buying dollars to maintain the stable exchange rates between the US and local units.
Bangladesh Bank purchased $20 million on Tuesday, tallying up the total procurement figure in the current financial year, beginning on July 1, to $2.9 billion.
The central bank had procured $4.79 billion in the last FY.
In the interbank money market, the greenback was traded on Tuesday at Tk 77.8, the rate the market was seeing for the last four months.
Bangladesh Bank’s Forex Reserves and Treasury Management Department General Manager Kazi Sayedur Rahman said they continued dollar purchase to maintain the ‘positive trend’ of export earnings and remittance.
“Purchase and sale of dollars is a regular business of the central bank. Dollars are being procured to keep the (exchange) market stable,” he said.
$12.55 bn remittances in 10 months
Bangladeshis living abroad sent home $1.29 billion last month. The figure represents a 5.2 percent growth over the same previous period.
The April figure has taken July-April remittance to $12.55 billion, a 6.4 percent increase from the figure in the previous corresponding period.
The central bank is continuing buying dollars to maintain the stable exchange rates between the US and local units.
Bangladesh Bank purchased $20 million on Tuesday, tallying up the total procurement figure in the current financial year, beginning on July 1, to $2.9 billion.
The central bank had procured $4.79 billion in the last FY.
In the interbank money market, the greenback was traded on Tuesday at Tk 77.8, the rate the market was seeing for the last four months.
Bangladesh Bank’s Forex Reserves and Treasury Management Department General Manager Kazi Sayedur Rahman said they continued dollar purchase to maintain the ‘positive trend’ of export earnings and remittance.
“Purchase and sale of dollars is a regular business of the central bank. Dollars are being procured to keep the (exchange) market stable,” he said.
$12.55 bn remittances in 10 months
Bangladeshis living abroad sent home $1.29 billion last month. The figure represents a 5.2 percent growth over the same previous period.
The April figure has taken July-April remittance to $12.55 billion, a 6.4 percent increase from the figure in the previous corresponding period.
