Dhaka, Jan. 22 -- The Bangladesh Bank's dollar sales to commercial banks fell significantly during the July-December period of this fiscal year compared to the same period in FY24, according to a central bank report.

The report says the central bank sold a net $628.38 million to the foreign-exchange market during this period, a drop of nearly 89 per cent from $5.69 billion sold in the same period of the previous fiscal year.

Officials at the central bank familiar with the developments told The Financial Express the central bank had implemented several measures to stabilise the forex market, reducing the need for its intervention.

"Governor Ahsan H Mansur has encouraged banks to actively trade in the interbank market instead of relying ...