, Jan. 8 -- Bangladesh Bank (BB) on Thursday purchased an additional $206 million from 15 banks through a formal auction - and so far in 6 months, bought $3.75 billion.

The move is part of the central bank's ongoing strategy to manage excess liquidity in the market and stabilize the exchange rate of the US dollar.

As a result, Bangladesh's forex gross reserves rose to $33.78 billion while the BPM6 reserves stood at $29.18 billion.

Arif Hossain Khan, Executive Director and Spokesperson of the central bank, confirmed the transaction.

He stated that the supply of dollars currently exceeds market demand, prompting the central bank to intervene to protect the interests of exporters and remittance earners by preventing the dollar's value fr...