Forex market stable, no pressure on taka: BB

Bangladesh Bank (BB) has said that the foreign exchange market remains stable, with no immediate pressure on the depreciation of the taka.

The central bank said strong remittance inflows, adequate dollar liquidity in banks, and a comfortable reserve position have kept the exchange rate “stable and balanced,” with demand and supply of foreign currency remaining aligned.

The BB, in a statement issued last night, said banks held around $3.9 billion in foreign currency liquidity on April 6, up sharply from $2.3 billion at the end of February, indicating an increase of $1.6 billion within a month. Cash foreign currency holdings in banks also rose slightly to $49 million from $47.6 million during the same period.

This liquidity, combined with foreign currency accounts and other sources, is helping banks meet import and other external bills smoothly, it said.

Bangladesh’s gross foreign exchange reserves currently stand at around $34.35 billion, which the BB described as a strong safeguard for external trade payments.

Usable reserves stood at $29.81 billion on April 2, which show that the current reserves cover over five months of import payments.

Although banks’ net open position (NOP) has reached nearly $1 billion, the central bank noted that it has not purchased any dollars from the market over the past month, despite usually intervening when the NOP crosses $600 million to $700 million.

The BB also highlighted strong remittance growth as a key factor behind market stability.

Bangladesh received $3.775 billion in remittances in March 2026, the highest monthly inflow on record, according to the statement.

During the first six days of April, remittance inflows stood at $660 million, marking a 20.5 percent increase from a year earlier.

Officials said the continued rise in remittance earnings is significantly strengthening foreign currency supply in the market.

Import payments and external debt servicing are proceeding without disruption, the statement said.

Last month, banks settled $1.37 billion in import bills, while the government also repaid around $180 million in foreign loans recently. Despite these outflows, reserve levels remained stable at $34.35 billion as of April 6.

The BB said the dollar exchange rate is being maintained through normal market mechanisms and that there is currently no pressure on the value of the taka.