Bangladesh Bank has firmly dismissed speculation about a possible devaluation of the Taka, saying the country’s foreign exchange market remains stable and strong.
In a press release issued today, the central bank said there is no immediate need for any currency adjustment, citing strong banking liquidity and record remittance inflows supporting the economy.
Foreign exchange liquidity in the banking sector has increased sharply. As of April 6, 2026, surplus liquidity stood at $3.9 billion, up from $2.3 billion on February 26—an increase of $1.6 billion within one month.
Cash foreign currency holdings also rose from $47.6 million to $49 million during the same period, reflecting continued financial stability.
The central bank said a combined pool of foreign exchange—from accounts, cash holdings and other sources—is helping smoothly meet import payments and external obligations, keeping the market stable.
Bangladesh’s gross foreign exchange reserves stood at $34.35 billion as of April 6, providing a strong buffer for international trade.
Despite the Net Open Position (NOP) of commercial banks reaching around $1 billion—above the usual $600–700 million level—Bangladesh Bank did not intervene in the market over the past month, allowing natural liquidity to balance supply and demand. Officials noted that reserves could have reached nearly $36 billion if the bank had purchased dollars.
A key factor behind the stability is strong remittance inflow. In March 2026, Bangladesh recorded its highest-ever monthly remittance at $3.775 billion. In the first six days of April alone, remittances reached $660 million, up 20.5% compared to the same period last year.
The central bank also highlighted successful settlement of major international payments, including $1.37 billion in Asian Clearing Union bills and about $180 million in government foreign debt—while still maintaining stable reserves.
Bangladesh Bank said the dollar market is operating under a transparent, market-based system where supply and demand are balanced. It identified three key strengths: stable supply-demand conditions, strong remittance growth, and solid market confidence.
Rejecting recent reports of possible devaluation, the central bank said such claims are “inappropriate” and not supported by current economic data, reaffirming that the market remains stable and well-managed.