Bangladesh Bank building at Motijheel Mehedi Hasan/ Dhaka TribuneTo stabilize the foreign exchange market, Bangladesh Bank has continued to sell dollars to banksThe foreign exchange market has been going through volatility owing of the extending demand-supply gap of US dollars. To stabilize the foreign exchange market, Bangladesh Bank has continued to sell dollars to banks. To stabilize the foreign exchange market, the central bank has sold $1.22 billion to banks this fiscal year, as of January 14, 2019. Due to more selling, foreign exchange reserves stood at $31 billion as of January 16, 2019, down from $32.27 billion a year earlier. So the country’s foreign exchange market might see more volatility in the coming days, they remarked.

Source: Dhaka Tribune January 19, 2019 16:41 UTC