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BB buys 3.76b US dollars in FY15

In the wake of currencies losing their value worldwide, Bangladesh’s central bank bought up US dollars worth 3.76 billion from the commercial banks directly in the just-concluded fiscal year to keep the country’s money market stable. However, official figures show the amount purchased in FY 2014-15 as lower in volume than what were in the previous two consecutive fiscal years, reports The Financial Express (FE). bb-logoIn FY14 and FY13, the Bangladesh Bank (BB) had bought $5.15 billion and $4.54 billion respectively. On the other hand, the central...