Although many banks quoted rates above Tk 120 during the auction, the central bank accepted the highest rate.This marked the first time Bangladesh Bank operated such a dollar purchase through an auction. "A decrease in dollar rate is not good for the economy. "Previously, the central bank bought dollars at fixed rates. "If the dollar price fell, importers would benefit, but exporters and expatriates who sent remittances would be harmed," he said. "Officials from the central bank said apart from occasional spikes in remittances, the market has remained stable due to consistent export income.

Source: bd News24 July 15, 2025 19:33 UTC