Bangladesh Bank has purchased $83 million from 11 commercial banks via a multiple-price auction as part of efforts to stabilise the foreign exchange market.

The transaction, confirmed on Sunday by Executive Director and spokesperson Arif Hossain Khan, was conducted at rates between Tk 121.47 and Tk 121.50, with a cut-off rate of Tk 121.50. Of the total, $12 million was bought at Tk 121.47 and $71 million at Tk 121.50.

A senior central bank official described the move as routine market management. “The governor has said repeatedly that the central bank will buy or sell dollars as needed to maintain stability,” the official said.

The latest operation follows several similar interventions in recent weeks. On 23 July, the bank bought $10 million at Tk 121.95, while auctions on 13 and 15 July saw purchases of $173 million and $313 million respectively at Tk 121.50.

These transactions have brought total dollar purchases through the ongoing auction process to $579 million.