The central bank is buying US dollars from the market to keep the expatriates interested in remitting money back home.
Bangladesh Bank on Monday bought $50 million.
"We are buying dollars from the market to prevent fall in its price against taka," General Manager of the bank's Foreign Exchange Reserve and Treasury Management Department Kazi Saidur Rahman told bdnews24.com.
The inter-bank exchange rate for the greenback was Tk 81.25 on Monday which was Tk 81.80 a fortnight ago.
The foreign exchange reserves with the central bank on Monday reached a new record of $11.65 billion.
The expatriates remitted $593 million in the first 12 days of October, setting another record. They are remitting more money to foot the Eid-ul-Azha bill, Saidur Rahman said.
According to him, the forex reserve was $11.53 billion on Thursday. Bangladesh received $203 million in the first five days of October and $390 million in the next seven days (Sep 6 to 12), he said.
Rahman hoped the remittance in October would be the highest for a month.
In the first week of September, just before paying import bills of Asian Clearing Union (ACU), the reserves stood at $11.46 billion.
A top official of the central bank, requesting anonymity, told bdnews24.com that the reserves would go further up once the International Monetary Fund clears $150 million in the second tranche of the Extended Credit Facility (ECF) next month.
According to Bangladesh Bank, the first three months (July-September) of the current fiscal year saw expatriates remit $3.5517 billion, nearly 20 percent higher than $2.9687 billion they had in the same period last fiscal year.
Last year, Bangladesh had received $1.0115 billion in July, $1.1018 billion in August and $850.5 million in September.
In January this year, it received $1.2214 billion remittance, which was also a record for a single month.
Bangladesh Bank on Monday bought $50 million.
"We are buying dollars from the market to prevent fall in its price against taka," General Manager of the bank's Foreign Exchange Reserve and Treasury Management Department Kazi Saidur Rahman told bdnews24.com.
The inter-bank exchange rate for the greenback was Tk 81.25 on Monday which was Tk 81.80 a fortnight ago.
The foreign exchange reserves with the central bank on Monday reached a new record of $11.65 billion.
The expatriates remitted $593 million in the first 12 days of October, setting another record. They are remitting more money to foot the Eid-ul-Azha bill, Saidur Rahman said.
According to him, the forex reserve was $11.53 billion on Thursday. Bangladesh received $203 million in the first five days of October and $390 million in the next seven days (Sep 6 to 12), he said.
Rahman hoped the remittance in October would be the highest for a month.
In the first week of September, just before paying import bills of Asian Clearing Union (ACU), the reserves stood at $11.46 billion.
A top official of the central bank, requesting anonymity, told bdnews24.com that the reserves would go further up once the International Monetary Fund clears $150 million in the second tranche of the Extended Credit Facility (ECF) next month.
According to Bangladesh Bank, the first three months (July-September) of the current fiscal year saw expatriates remit $3.5517 billion, nearly 20 percent higher than $2.9687 billion they had in the same period last fiscal year.
Last year, Bangladesh had received $1.0115 billion in July, $1.1018 billion in August and $850.5 million in September.
In January this year, it received $1.2214 billion remittance, which was also a record for a single month.
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