Dhaka, Feb. 17 -- Bangladesh Bank has purchased more than US$5.0 billion from commercial banks over the past seven months in a sustained effort to keep the dollar-taka exchange rate stable and support exporters and remitters.

The latest intervention came as inward remittance inflows strengthened sharply in early February, allowing the central bank to bolster reserves while managing currency volatility.

As part of its ongoing market operations, Bangladesh Bank on Monday bought a further $145 million from 11 commercial banks through an auction in the interbank spot market.

The purchase was conducted under the Multiple Price Auction method, with a cut-off rate of Tk 122.30 per dollar, officials said.

Earlier, on February 10, the central ...