Bangladesh Bank buys record $5.49 billion to keep taka stable

The central bank purchased greenback worth a record $5.49 billion in the first half of the current fiscal year to keep stable the exchange rate of the local currency

Jan 18, 2021
Image
A

The central bank purchased greenback worth a record $5.49 billion in the first half of the current fiscal year to keep stable the exchange rate of the local currency.

The previous highest was recorded in 2013-14 when the Bangladesh Bank bought $5.15 billion from local banks.

The central bank was forced to smash all previous records of dollar purchase in just six months in the wake of higher flow of remittance and lower imports caused by the economic slowdown brought on by the coronavirus pandemic.

https://www.thedailystar.net/business/news/bb-buys-record-549b-keep-taka-stable-2029681

Exclusive
0

downloadingmymind.com

SPS-NBN

News Behind the News Special Studies

Tweets about SAMonitor
SAM Facebook

Newsletter Subscription

The subscriber's email address.
Stay informed - subscribe to our newsletter.