So far this fiscal year, the central bank purchased greenbacks worth about $4.50 billion from banks, according to data from the central bank. Before the pandemic set off in March, the BB was continuously injecting dollars into the banking sector. The flood of dollars is because of the spike in remittance and the import slump, said BB Spokesperson Md. During the period, remittance stood at about $11 billion, up about 42.9 per cent year-on-year, according to data from the BB. To keep the exchange rate stable, the BB is purchasing the excess supply, said AB Mirza Azizul Islam, a former caretaker government adviser.

Source: Dhaka Tribune December 03, 2020 19:07 UTC