Bangladesh Bank Buys Over $4 Billion From Commercial Banks in Current Fiscal Year

Bangladesh Bank has purchased more than $4 billion from commercial banks through auctions in the current fiscal year to stabilize the foreign exchange market and support the inflow of remittances and exports. As of February 2026, the central bank has acquired $4.15 billion, including $218 million in just one day.

This move is part of an ongoing strategy to bolster the country's foreign exchange reserves and maintain a stable exchange rate. On Monday, the central bank bought $218 million from 16 commercial banks at a rate of Tk122.30 per dollar. This marks the latest step in a series of purchases since the start of the fiscal year.

The increased dollar supply is attributed to the surge in remittances, which have flowed through banking channels. Bangladesh has experienced a significant rise in remittances, reaching $3.17 billion in January 2026—the third-highest monthly inflow on record. This figure represents a 45.41% increase compared to the $2.18 billion received in January 2025. The highest remittance inflow was recorded in March 2025, at $3.29 billion.

The central bank's efforts are seen as crucial to sustaining these export and remittance flows while preventing a decline in the exchange rate. The move to purchase dollars through auctions began in July 2025, and it has injected much-needed liquidity into the banking system, helping to stabilize the economy.