, Feb. 22 -- In a continued effort to stabilize the foreign exchange market, Bangladesh Bank (BB) purchased $123 million from eight commercial banks on Sunday.

The central bank acquired the US dollar at a fixed exchange rate of Tk 122.30 per dollar, which also served as the "cut-off" rate for the transaction.

Arif Hussain Khan, Executive Director and Spokesperson of Bangladesh Bank, confirmed this on Sunday.

"Today, we purchased a total of $123 million from eight commercial banks at a cut-off rate of Tk 122.30. With this, the total dollar purchase for the month of February has reached $1,448 million," he stated.

The central bank's intervention has been substantial throughout the current fiscal year FY2025-26. To date, Bangladesh Bank ...