Forex market stable, no immediate pressure for Taka devaluation: BB

Bangladesh's foreign exchange (forex) market remains stable and there is no immediate pressure to devalue the Taka, according to a recent assessment by Bangladesh Bank.

The central bank said despite some media reports suggesting a possible devaluation, the supply and demand for foreign currency are currently balanced.

As of April 6, 2026, the banking sector holds around $3.9 billion in foreign currency liquidity, up from $2.3 billion at the end of February 2026.

Cash holdings of foreign currency in banks also rose slightly, from $47.6 million on February 26 to $49 million by April 6.

Bangladesh's foreign exchange reserves currently stand at approximately $34.35 billion.
Central bank officials noted that reserves could have approached $36 billion if Bangladesh Bank had actively purchased dollars to maintain market liquidity.

Notably, the central bank has not bought any dollars from the market over the past month, even though banks' Net Open Position (NOP) reached about $1 billion-well above the usual $600-700 million threshold that typically prompts such purchases.

The market stability is supported by a surge in remittance inflows.
In March 2026, Bangladesh received $3.775 billion in remittances-the highest for any single month to date. This trend has continued into April, with $660 million received in the first six days, a 20.5 percent increase compared to the same period last year.
Foreign payments continue to be regular and well-managed.

In the past month, Bangladesh settled $1.37 billion in Asian Clearing Union (ACU) bills. Additionally, around $180 million in government foreign debt has been repaid recently.

The central bank stated that the forex market is operating under normal mechanisms, without significant value-based pressure on the dollar. Strong remittance flows and disciplined market behavior continue to ensure a secure foreign exchange environment.�"UNB