Different fluctuations in the dollar rate are now clear. Although the demand for the dollar is decreasing in the country, Bangladesh Bank is taking the opposite strategy, buying large dollars from regular commercial banks. In the first two business days of the week, he bought $ 1 million or $ 10 million. Last Sunday is 1 million, and today is $ 1 million a day on Tuesday.
Generally, Bangladesh Bank intervene when the market is priced. Still doing so. The price should not be taken down, and he is interfering as needed. Besides, the banks do not get damaged, keeping an eye on it.
The strategy is increasing the dollar on the one hand, on the other, the market is getting a clear message of stability. The dollar market is now under the direct surveillance of the central bank.
Buying this dollar of Bangladesh Bank has had an impact on the market. Today, the price of the dollar has risen to Tk 120 paise in one day, which is 5 paise more than the previous day. On that day, the highest price of the dollar in the market was Tk 120.35 and the minimum was Tk.
Officials of Bangladesh Bank, which are observing the market, said that when the dollar price goes down the middle rate, the central bank bought the dollar. On the one hand, the risk of falling prices is reduced, on the other hand, banks do not suffer losses.
Bangladesh Bank spokesman Arif Hossain Khan told today's newspaper, “The market is still a bit down; However, the bid is tolerable. So the dollar is being purchased to keep the market normal. Exactly how much to buy, it is not specific. More will be purchased through auction if needed. '
Why such a position in the dollar market – former chief economist in the world. Zahid Hossain explained that the big money smugglers are not as active as before. Some are in jail, some run away. As a result, the dollar flow in the banking channel has increased. There is no instability in the market now.
Yesterday, various banks sold dollars to Bangladesh Bank at a rate of Rs. Some are at low prices, some at higher prices. Because the central bank buy dollars at a price from one bank. And because of this, in the case of remittance, one bank is taking dollars at a rate, there is no rate everywhere.
Mutual Trust Bank Managing Director Syed Mahbubur Rahman said the central bank is buying dollars at a higher price. But this time the demand is low in the market, so everyone thinks that the price of Rs.
Finally, a major change is that the banks that were low in the hands of the dollars last year have been created in their hands. Currently there are more than $ 1 million surplus in the bank sector. Bangladesh Bank has suggested that the banks that are high, they should supply the bank to the crisis.
