Bangladesh Bank Buys Additional $50 Million at Tk 122.75 per Dollar as Remittances Rise

Central bank steps up dollar purchases as remittance inflows hit record levels
Stacks of US dollars with Bangladesh Bank background representing rising remittances and forex reserves
Bangladesh Bank increases dollar reserves as remittance inflows surge.

Bangladesh Bank has purchased an additional $50 million from four commercial banks as remittance inflows continue to rise.

The central bank bought the dollars at a rate of Tk 122.75 per dollar, according to Bangladesh Bank sources.

Official data shows that remittance inflows reached an all-time high of $3.75 billion in March. The increase was largely driven by expatriates sending higher amounts of money to their families ahead of Eid al-Fitr.

In addition, remittances totaling $1.6 billion were received between April 1 and April 14, marking a 25.2 percent increase compared to the same period last year.

After a gap of one and a half months, the central bank resumed dollar purchases from the market on Wednesday, buying $70 million from Islami Bank Bangladesh.

Officials said that with Thursday’s transaction, the total amount of dollars purchased by the central bank in April has reached $120 million.

Overall, in the current fiscal year 2025–26, Bangladesh Bank has purchased a total of $5.61 billion from the market so far.

As a result, the country’s total foreign exchange reserves have risen to $35.03 billion, up from $34.60 billion just two days earlier.

 

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