BB Cuts Dollar Sales to Banks to Protect Forex Reserves

Economic Tag: Central Bank, Forex

Bangladesh Bank (BB) has shifted its policy by significantly reducing foreign currency sales to commercial banks in an effort to protect the country’s fast-depleting forex reserves. In FY24, BB sold $12.80 billion to banks while buying only $3.38 billion, with average monthly net dollar sales around $800 million. However, since FY25, net dollar sales have steadily decreased, dropping to $573 million in July, $160 million in August, and just $22.5 million in September. This change followed the appointment of BB’s new governor, Dr. Ahsan H Mansur, who prioritized halting forex reserve depletion by purchasing rather than selling dollars. Bankers view the move as a positive step, reactivating the interbank forex market and retaining local currency within the banking system, which helps alleviate liquidity pressures.

Source for more details:

Related News

BB To Launch New Notes Before Eid Ul Azha 2025

May 22, 2025

Bangladesh Bank will release redesigned banknotes before Eid-ul-Azha 2025, featuring cultural and historical themes instead of full human portraits. The Tk20 note with images of Kantajiu and Buddhist temples will be issued on May 22.

BB to Launch Fund with Recovered Laundered Money

May 21, 2025

Bangladesh is forming a dedicated fund to manage seized assets from money laundering cases. Recovered money will support affected banks in repaying depositors, while funds from non-banking crimes will aid the poor. BB Governor Ahsan H. Mansur confirmed over Tk 1.3 trillion in immovable assets and US$164 million abroad have been attached.

Mixed Yield Trend Observed in Treasury Bill Auction

May 21, 2025

On Sunday, T-bill yields in Bangladesh showed a mixed trend as banks shifted preference toward longer-tenure securities. The yield on 91-day T-bills rose to 11.65% from 11.54%, while yields on 182-day and 364-day T-bills declined to 11.51% and 11.62%, down from 11.64% each.

Interbank Dollar Rate Rises to Tk 122.78 After Reform

May 21, 2025

Following the adoption of a market-driven exchange rate on May 14, the interbank US dollar rate in Bangladesh rose slightly to Tk 122.78 from Tk 122.60 the previous day. Just two working days earlier, the rate was Tk 122.

Bangladesh Bank Unveils Startup Fund to Accelerate Growth

April 9, 2025

Bangladesh Bank has announced a Tk 9.0 billion startup fund aimed at accelerating economic growth by providing capital to new enterprises. The fund will be distributed through commercial banks and is part of the government's initiative to foster innovation and investment in the startup sector.

Current Account Deficit Narrows to $1.27 Billion in Jul-Feb of FY 25

April 6, 2025

Bangladesh's current account deficit (CAD) decreased significantly to $1.27 billion during the July-February period of FY25, down from $4.07 billion in the same period of the previous fiscal year. This improvement is mainly attributed to higher remittance inflows, which increased by 22.6%, and a 9.1% growth in export earnings. Consequently, the balance of payments (BoP) deficit also improved, dropping to $1.11 billion from $4.44 billion in FY24.

Related News

BB To Launch New Notes Before Eid Ul Azha 2025

May 22, 2025

Bangladesh Bank will release redesigned banknotes before Eid-ul-Azha 2025, featuring cultural and historical themes instead of full human portraits. The Tk20 note with images of Kantajiu and Buddhist temples will be issued on May 22.

BB to Launch Fund with Recovered Laundered Money

May 21, 2025

Bangladesh is forming a dedicated fund to manage seized assets from money laundering cases. Recovered money will support affected banks in repaying depositors, while funds from non-banking crimes will aid the poor. BB Governor Ahsan H. Mansur confirmed over Tk 1.3 trillion in immovable assets and US$164 million abroad have been attached.

Mixed Yield Trend Observed in Treasury Bill Auction

May 21, 2025

On Sunday, T-bill yields in Bangladesh showed a mixed trend as banks shifted preference toward longer-tenure securities. The yield on 91-day T-bills rose to 11.65% from 11.54%, while yields on 182-day and 364-day T-bills declined to 11.51% and 11.62%, down from 11.64% each.

Interbank Dollar Rate Rises to Tk 122.78 After Reform

May 21, 2025

Following the adoption of a market-driven exchange rate on May 14, the interbank US dollar rate in Bangladesh rose slightly to Tk 122.78 from Tk 122.60 the previous day. Just two working days earlier, the rate was Tk 122.

Bangladesh Bank Unveils Startup Fund to Accelerate Growth

April 9, 2025

Bangladesh Bank has announced a Tk 9.0 billion startup fund aimed at accelerating economic growth by providing capital to new enterprises. The fund will be distributed through commercial banks and is part of the government's initiative to foster innovation and investment in the startup sector.

Current Account Deficit Narrows to $1.27 Billion in Jul-Feb of FY 25

April 6, 2025

Bangladesh's current account deficit (CAD) decreased significantly to $1.27 billion during the July-February period of FY25, down from $4.07 billion in the same period of the previous fiscal year. This improvement is mainly attributed to higher remittance inflows, which increased by 22.6%, and a 9.1% growth in export earnings. Consequently, the balance of payments (BoP) deficit also improved, dropping to $1.11 billion from $4.44 billion in FY24.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here