BB auctions US dollar in rare market intervention
In a first of intervention in foreign-exchange market, Bangladesh Bank on Monday auctioned the US dollar to tame a sudden exchange-rate upturn. The Bangladesh Bank (BB) sold $11.50 million to five banks on the day through what stands out as first-ever auction-based dollar sale by the regulator in the country. The regulatory move comes against the backdrop of a rising trend in the... Details
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