Dhaka, Dec. 28 -- Bangladesh Bank has stepped up purchases of US dollars from commercial banks to stabilise the foreign exchange market following a sharp rise in inward remittances this year.

Executive Director and Spokesperson Arif Hossain Khan said on Sunday that the central bank acquired $110 million from three commercial banks through a Multiple Price Auction (MPA) at an exchange rate of Tk 122.30 per dollar.

The central bank has acted to prevent significant fluctuations in the exchange rate as commercial banks face a surplus of dollars from the remittance boom.

In December alone, Bangladesh Bank has purchased $920 million, bringing total purchases in the current fiscal year, FY2025-26, to $3.05 billion.

Remittance flows by expatr...